Details

Fund Objective

Probity Mining 2024 - 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: $1,000,000 (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)

NAV
At January 22, 2025		 Distributions Current Nav Plus Distributions
First† Second‡
National Class $7.3012 - – $7.3012
BC Class 6.9545 - – $6.9545
Quebec Class $7.0803 - – $7.0803

Unit Price (NAV – Class F)

NAV
At January 22, 2025		 Distributions Current Nav Plus Distributions
First† Second‡
National Class $7.6490 - – $7.6490
BC Class $7.2583 - – $7.2583
Quebec Class $7.4509 - – $7.4509

† – First distribution date, TBD
‡ – Second and final distribution date, TBD

Investment Documents

For the year ended December 31, 2024, fees paid or payable to KPMG LLP and its network firms for the audit services to Canadian Reporting Issuer Funds within Probity Mining 2024 - II Short Duration Flow-Through Limited Partnership will be posted after the audit is complete. Fees for other services are to be determined.

Tax Documents

Tax Shelter Numbers

Federal TS098566
Québec QAF-24-02199

CUSIP Numbers

National Class A – 74277E308
National Class F – 74277E506
BC       Class A – 74277E407
BC       Class F – 74277E100
Quebec Class A – 74277E605
Quebec Class F – 74277E209