Details

Fund Details – Dissolved

Offering Size Maximum: $20,000,000 (2,000,000 Units)
Minimum: $1,000,000 (100,000 Units)
Issue Price $10.00 per Class A Unit
$10.00 per Class F Unit
Minimum Subscription $5,000 (500 Units)
Management Fee There is no management fee
Performance Bonus 30% of amount that Net Asset Value per unit exceeds $10.00

Unit Price (NAV – Class A)

Dissolution Date
February 28, 2019		 Distributions Total Distributions After Tax Rate of Return*
First† Second‡ Third Warrants§
National Class $2.7036 $1.6405 – $4.3441 -16.72%

Unit Price (NAV – Class F)

Dissolution Date
February 28, 2019		 Distributions Total Distributions After Tax Rate of Return*
First† Second‡ Third Warrants§
National Class $2.8316 $1.7183 – $4.5499 -13.38%

† – First distribution date, October 1, 2018
‡ – Second and final distribution date, February 20, 2019
§ – further distribution to unitholders flowing from the exercise of warrants and subsequent sale of the shares issuable upon such exercise, within the portfolio. For tax purposes, the distribution is treated as capital gains in the year in which the resulting shares from the exercise of each warrant position are sold. As such, please report the following capital gains in your tax return.
* – The after-tax rate of return is based on a purchase by an Ontario resident paying tax at 53.53% (Ontario’s highest Marginal Tax Rate) and includes any applicable CEE Deduction, Federal ITC and Provincial ITC.
** – Portfolio Manager: – Mr. Glenn MacNeill was the Advising Representative (Portfolio Manager) for the Probity Mining 2017-II Short Duration Flow-Through Limited Partnership (“LP”). On January 19, 2023, Mr. MacNeill retired and Mr. Firas Abbasi Advising Representative (Portfolio Manager) has assumed responsibilities for the LP.

Tax Documents

Tax Shelter Numbers

Federal TS086496
Québec QAF-17-01687

Offering Costs Write-Off Schedule (click here)