Fidelity Investments Canada Ltd. announced today that, effective Dec. 31, 2005, the units of two of its limited partnerships will be de-listed from the Toronto Stock Exchange. Fidelity’s mutual funds are not affected by this change.
Fidelity is voluntarily de-listing the Fidelity Limited Partnership 1994 (FLP.UN) and Fidelity Limited Partnership 1995 (FYP.UN) from the TSX because as they approach their termination dates at the end of 2006 and 2007, respectively, their total assets no longer meet the TSX’s minimum listing requirements.
After de-listing, units of these two partnerships will trade on the over-the-counter market until their respective termination dates. Fidelity has no plans to list either of these partnerships on any other exchange.
Fidelity Limited Partnership 1996 (FZP.UN) will continue to trade on the TSX as it continues to meet the TSX’s minimum listing requirements and is thus unaffected by this move.
Fidelity adds that the de-listing of the Limited Partnerships 1994 and 1995 does not affect their financial security or change their reporting obligations. They will continue to distribute income quarterly and Fidelity will continue to prepare and send tax slips annually as well as quarterly financial statements. Unitholders of these two partnerships should generally be otherwise unaffected by the de-listing.
Fidelity also reminds unitholders that Fidelity Limited Partnership 1993 (FIP.UN) is scheduled to terminate on Dec. 31, 2005.
As stated in their prospectuses, Fidelity Limited Partnerships have the following scheduled expiry dates:
Fidelity Limited Partnership 1993 will expire on Dec. 31, 2005;- Fidelity Limited Partnership 1994 will expire on Dec. 31, 2006;
- Fidelity Limited Partnership 1995 will expire on Dec. 31, 2007; and
- Fidelity Limited Partnership 1996 will expire on Dec. 31, 2011.