Details

Fund Objective

Probity Mining 2023 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 - Dissolved

NC Offering Size
BC Offering Size
QC Offering Size		 Maximum: $30,000,000 (5,000,000 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
October 1, 2024		 Distributions Current Nav Plus Distributions
First† Second‡
National Class - $1.0000 $3.0487 $4.0487
BC Class - $1.0000 $5.7185 $6.7185
Quebec Class - $1.0000 $1.2502 $2.2502

Unit Price (NAV – Class F)

Dissolution Date
October 1, 2024		 Distributions Current Nav Plus Distributions
First† Second‡
National Class - $1.0474 $3.2068 $4.2542
BC Class - $1.0258 $5.8713 $6.8972
Quebec Class - $1.0557 $1.3387 $2.3945

† – First distribution date, February 23, 2024
‡ – Second and final distribution date, October 1, 2024

Investment Documents

  • 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)
  • Quarterly Portfolio Disclosure (English)
  • Semi-Annual Financial Statements June 30, 2023 (English)
  • Semi-Annual Management Report of Fund Performance June 30, 2023 (English)
  • Proxy Votes 2023 (English)
  • Quarterly Portfolio Disclosure (English)
  • 2023 Independent Review Committee Report (English)
  • Final Prospectus (English | Français)
  • 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 Funds within Probity Mining 2023 Short Duration Flow-Through Limited Partnership was $67,544. Fees for other services were $2,675.

Tax Documents

Tax Shelter Numbers

Federal TS095158
Québec QAF-23-02054

CUSIP Numbers

National Class A – 74276Q104
National Class F – 74276Q203
BC         Class A – 74276Q302
BC         Class F – 74276Q401
Quebec Class A – 74276Q500
Quebec Class F – 74276Q609