Brompton Funds Management Ltd. has selected Front Street Resource Fund as the rollover mutual fund for the Brompton 2007 Flow-Through LP, the company announced on Thursday.

The resource fund, run by mutual fund company Front Street Mutual Funds Ltd., has an investment objective to maximize capital appreciation by investing in small and medium-sized business entities in a range of natural resource sector industries, including base and precious metal mining and exploration, and in energy-related industries.

The mutual fund rollover transaction is set to take place on a tax-deferred basis on July 16, after the close of business. Investors will roll into the fund at the net asset value on that date, and should they choose to redeem, they will receive the net asset value per share upon redemption.

In exchange for the partnership’s assets, Series B shares of the rollover fund will be issued and distributed to limited partners by Brompton 2007 Flow-Through LP. Neither redemption fees nor commissions will be charged in the rollover transaction.

The partnership will be dissolved on or about July 23.

A redemption feature on the Series B shares issued under the rollover transaction allows investors to redeem the shares daily through FundServ, once the individual holder’s investment advisor has reconciled the client’s positions, which is expected to be shortly after the rollover is completed.

Limited partners of the partnership who want to redeem their Series B shares must contact their brokers or dealers to exercise the redemption feature.

IE