Details

Fund Details – Dissolved

NC Offering Size
BC Offering Size
QC Offering Size		 Maximum: $20,000,000 (2,000,000 Units)
Maximum: $10,000,000 (1,000,000 Units)
Maximum: $10,000,000 (1,000,000 Units)
Minimum: $1,500,000 (150,000 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
January 20, 2022		 Distributions Total Distributions After Tax Rate of Return*
First† Second‡ Third Warrants§
National Class $3.0223 $4.8385 – $7.8608 39.38%
BC Class $2.1193 $2.3151 – $4.4344 -1.77%
Quebec Class $3.0056 $5.3508 – $8.3564 94.29%

Unit Price (NAV – Class F)

Dissolution Date
January 20, 2022		 Distributions Total Distributions After Tax Rate of Return*
First† Second‡ Third Warrants§
National Class $3.1271 $5.0605 – $8.1876 48.18%
BC Class $2.1905 $2.3954 – $4.5859 2.90%
Quebec Class $3.1760 $5.6585 – $8.8345 118.16%

† – First distribution date, September 29, 2021
‡ – Second and final distribution date, January 20, 2022
§ – 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 2020-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.

Investment Documents

  • 2022 Independent Review Committee Report (English)
  • Quarterly Portfolio Disclosure (English)
  • Annual Management Report June 2021 (English)
  • Semi Annual Financial Statements June 2021 (English)
  • Proxy Votes 2021 (English)
  • Quarterly Portfolio Disclosure (English)
  • Annual Financial Statements December 2020 (English)
  • Annual Management Report December 2020 (English)
  • Final Prospectus (English | Français)
  • 2021 Independent Review Committee Report (English)
  • Trade Matching Statement (English)
  • Quarterly Portfolio Disclosure Summary (English)
  • Securities Voting Policy (English)
  • Securities Voting Procedures (English)

Tax Documents

Tax Shelter Numbers

Federal TS090811
Québec QAF-20-01893

Issue Cost Deduction Summary (click here)