Details

Fund Objective

Probity Mining 2023 - II Short Duration Flow-Through Limited Partnership – (the “Partnership”) will invest in Flow-Through Shares of Resource Issuers engaged in mining exploration, development and/or production in Canada. The investment objectives are to provide limited partners with a tax assisted investment in flow-through shares with a view to maximizing the tax benefit and achieving capital appreciation for limited partners.

Portfolio Manager

Firas Abbasi

Advising Representative (Portfolio Manager), Qwest Investment Fund Management Ltd.

Fund Details

NC Offering Size
BC Offering Size
QC Offering Size		 Maximum: $30,000,000 (3,000,000 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)

Current NAV
December 11, 2024		 Distributions Current Nav Plus Distributions
First† Second‡
National Class $2.6819 $0.4877 – $3.1697
BC Class $3.9487 $0.4990 – $4.4477
Quebec Class $2.5039 $0.4954 – $2.9993

Unit Price (NAV – Class F)

Current NAV
December 11, 2024		 Distributions Current Nav Plus Distributions
First† Second‡
National Class $2.8204 $0.5120 – $3.3324
BC Class $4.1277 $0.5203 – $4.6481
Quebec Class $2.6526 $0.5232 – $3.1759

† – First distribution date, October 1, 2024
‡ – Second and final distribution date, TBD

Investment Documents

  • Quarterly Portfolio Disclosure (English)
  • Semi-Annual Financial Statements June 30, 2024 (English)
  • Semi-Annual Management Report of Fund Performance June 30, 2024 (English)
  • Proxy Votes 2024 (English)
  • Quarterly Portfolio Disclosure (English)
  • Annual Financial Statements December 31, 2023 (English)
  • Annual Management Report of Fund Performance December 31, 2023 (English)
  • 2023 IRC Annual Report (English)
  • Final Prospectus (English | Français)
  • 2023 Independent Review Committee Report (English)
  • Proxy Votes 2023 (English)
  • Securities Voting Procedures (English)
  • Securities Voting Policy (English)
  • Trade Matching Statement (English)

For the year ended December 31, 2023, fees paid or payable to KPMG LLP and its network firms for the audit services to Canadian Reporting Issuer Fund within Probity Mining 2023-II Short Duration Flow-Through Limited Partnership was $68,373. Fees for other services were $2,675.

Tax Documents

Tax Shelter Numbers

Federal TS096586
Québec QAF-23-02121

CUSIP Numbers

National Class A – 74277M300
National Class F – 74277M409
BC         Class A – 74277M102
BC         Class F – 74277M201
Quebec Class A – 74277M508
Quebec Class F – 74277M607