Mavrix Fund Management Inc. today reported the completion of the rollover of the Northern Precious Metals 2004 Limited Partnership into the Mavrix Multi Series Fund Ltd. – Explorer Series on May 26.

For the purposes of the rollover exchange, the net asset value of the LP was $976.34 per unit. LP investors received 82.3224 shares of the Mavrix Multi Series Fund Ltd. – Explorer Series in exchange for each unit of the Northern Precious Metals 2004 Limited Partnership previously held.

The rollover is an exchange that defers capital gains tax liability until the mutual fund shares received are redeemed.

Investors that received Mavrix Multi Series Fund Ltd. – Explorer Series shares as a result of the rollover may switch into other Mavrix Multi Series Funds and still defer capital gains. The other Mavrix Multi Series Funds offered are Canadian Equity Series, Income Series and Short Term Income Series.