MSP 2010 Resource Limited Partnership has filed a preliminary prospectus in respect of an initial public offering of limited partnership units, Mackenzie Financial Corp. said Friday.

The maximum amount of the offering has been set at $25 million.

The LP’s investment objectives are to maximize total return for limited partners and to provide significant tax benefits for limited partners by investing in flow-through shares and in other securities of resource issuers.

The LP’s portfolio is expected to consist primarily of securities of resource issuers involved in oil and gas exploration and development and, to a lesser extent, securities of resource issuers involved in mining exploration and development or other energy production.

MSP 2010 GP Inc., the general partner of the LP and a wholly owned subsidiary of Mackenzie Investments, expects limited partners to receive tax deductions equal to 100% of the gross proceeds of the offering for the 2010 taxation year.

Fred Sturm, executive vice president of Mackenzie Investments and Benoit Gervais, vice president of Mackenzie Investments, will lead a team of professionals providing investment advisory and portfolio management services to the LP. Sturm and Gervais currently manage MSP 2009 Resource LP and MSP 2008 Resource LP, and were the portfolio managers for all of the Mackenzie and MSP resource limited partnerships offered between 2004 and 2007.

The offering is being made through a syndicate of agents co-led by CIBC World Markets Inc., BMO Capital Markets and RBC Capital Markets and including National Bank Financial Inc., Scotia Capital Inc., HSBC Securities (Canada) Inc., Dundee Securities Corp., Blackmont Capital Inc., Canaccord Financial Ltd., M Partners Inc., Manulife Securities Inc., Raymond James Ltd., Wellington West Capital Markets Inc. and Desjardins Securities Inc.

IE