Matrix completes rollovers of two limited partnerships

Mavrix Explore 2010-I FT Limited Partnership and Mavrix Quebec 2010 Flow Through LP roll over into Matrix Canadian Resource Fund – Corporate Class

By: IE Staff
January 24, 2012 January 24, 2012
08:00

Toronto-based Matrix Funds Management has completed the rollovers of Mavrix Explore 2010-I FT Limited Partnership and Mavrix Quebec 2010 Flow Through LP into Matrix Canadian Resource Fund – Corporate Class.

As at the January 20 rollover date, the net asset value of Mavrix Explore 2010-I FT Limited Partnership was $7.73819 per unit. Each investor in Mavrix Explore 2010-I FT Limited Partnership will receive 0.752012 shares of the Matrix Canadian Resource Fund – Corporate Class for each LP unit held on a tax-deferred basis.

The net asset value of Mavrix Quebec 2010 Flow Through LP at the January 20 rollover date was $4.37246 per unit. Each investor in the Mavrix Quebec 2010 Flow Through LP will receive 0.424923 shares of Matrix Canadian Resource Fund – Corporate Class for each LP unit held on a tax-deferred basis.

Matrix Canadian Resource Fund – Corporate Class is a class of redeemable shares of the Matrix Corporate Class Funds Ltd. The fund’s primary investment objective is to seek long-term capital growth by investing in a diversified portfolio of Canadian resource issuers. The fund invests solely in the Matrix Canadian Resource Fund that pursues the same investment objective mandate.

Matrix Funds Management (a division of GrowthWorks Capital Ltd.) is the manager of the Matrix Funds and a subsidiary of Matrix Asset Management Inc. (TSX:MTA).