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The Partnership's investment objectives are to invest in flow-through shares of resource issuers engaged in mineral exploration, development and production in Canada, with a view to achieving capital appreciation and maximizing tax benefits. The General Partner intends to invest the available funds such that Limited Partners will be entitled to claim certain deductions from income and investment tax credits (where applicable) for income tax purposes for the 2005 taxation year as well as subsequent tax years.
Why Invest?
- UP TO 121% TAX DEDUCTION* - 100% tax deduction with Canadian Exploration Expense (CEE), 15% federal tax credit and additional tax credits depending on province of residence.
- 100% MINING FOCUSED - Leveraged to uranium, precious and base metals shares.
- TAX-DEFERRED ROLLOVER - At dissolution, units may be transferred into a mutual fund corporation without incurring taxable consequences.
Closing Date
Closed
| Net Asset Value |
As of April 01, 2011 |
|
Funds Raised |
As of April 01, 2011 |
| NAVPU ($) |
ATR (%)1 |
ATR-CG (%)1 |
|
AMOUNT RAISED ($) |
% INVESTED |
| 19.90 |
325.98 |
227.13 |
|
5,011,590 |
100 |
Note: Starting N.A.V. per $10.00 unit is normally $8.00 after subtracting costs of issue and premiums, a N.A.V. above $8.00 per unit represents appreciation in the portfolio.
* Depending on province of residence and assuming maximum offering is achieved.
1 Return based on marginal tax rate of 46.4%.
NOTES AND ASSUMPTIONS: (1) Capital gains can be offset by unused capital losses, so for investors with sufficient unused capital losses, this is the final after-tax return. (2) On national Pathway mining offerings calculated with reference to an Ontario investor paying income tax at the highest marginal rate of 46.41%, and using the "money-at-risk/after-tax purchase cost" as the denominator and the dissolution value minus the "money-at-risk/after-tax purchase cost" as the numerator; in the case of Québec offerings the "money-at-risk/after-tax purchase cost" used in the prospectus was applied; assumes the full purchase cost of the flow-through investment can be deducted by investors for income tax purposes. (3) Calculated with reference to an Ontario investor paying income tax at the highest marginal rate of 46.41%, and using the same process as in note (2), except that the numerator also has the capital gains tax amount deducted from the numerator; assumes one-half of capital gains are taxable, and the adjusted cost base of each limited partnership unit is nil. (4) Returns are calculated without factoring in the time value of money, and also are not annualized. (5) The general partner's back-end bonus entitlement has already been removed.
Commissions, trailing commissions, management fees, performance fees and expenses all may be associated with an investment in the flow-through limited partnerships. Please read the prospectus and consult with your financial, tax and legal advisors before investing. Flow-through limited partnerships are not guaranteed, their values change frequently and past performance may not be repeated. The information contained herein is not an offer to sell nor a solicitation to buy any security. Such an offer can only be made by prospectus or other applicable offering document.
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| OFFERING DETAILS |
ISSUE SIZE
$10,000,000 max
$1,500,000 min
UNIT PRICE
$10.00 per unit
MINIMUM PURCHASE
$2,500 - 250 units
MANAGEMENT FEE
2.0 %
ROLLOVER TARGET DATE
December 31, 2007 or earlier
AVAILABILITY
CUSIP
NA
FEDERAL TAX SHELTER ID#
TS 071100
QUÉBEC TAX SHELTER ID#
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