Details
Fund Details – Dissolved
| NC Offering Size BC Offering Size QC Offering Size |
Maximum: $20,000,000 (2,000,000 Units) Maximum: $5,000,000 (500,000 Units) Maximum: $5,000,000 (500,000 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 |
| Class P Units | The General Partner may receive an allocation of net income by virtue of its ownership of Class P Units. The Class P Units will be entitled to an allocation of income of 30% of the balance of cumulative Ordinary Income that exceeds the amount equal to the Gross Proceeds. |
Unit Price (NAV – Class A)
| Dissolution Date February 28, 2020 |
Distributions | Total Distributions | After Tax Rate of Return* | ||
|---|---|---|---|---|---|
| First† | Second‡ | Third Warrants§ | |||
| National Class | $2.0010 | $2.5535 | – | $4.5545 | -13.44% |
| BC Class | $3.0847 | $4.7766 | – | $7.8613 | 55.23% |
| Quebec Class | $2.4860 | $1.5557 | – | $4.0417 | 4.28% |
Unit Price (NAV – Class F)
| Dissolution Date February 28, 2020 |
Distributions | Total Distributions | After Tax Rate of Return* | ||
|---|---|---|---|---|---|
| First† | Second‡ | Third Warrants§ | |||
| National Class | $2.0998 | $2.6801 | – | $4.7799 | -9.96% |
| BC Class | $3.2197 | $4.9866 | – | $8.2063 | 60.44% |
| Quebec Class | $2.6069 | $1.6320 | – | $4.2389 | 8.58% |
† – First distribution date, August 30, 2019
‡ – Second and final distribution date, February 14, 2020
§ – 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 2018-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 TS087593
Québec QAF-18-01717
Offering Costs Write-Off Schedule (click here)