Business
Front Street Flow-Through 2007-I Limited Partnership Rollover and Dissolution
TORONTO, Jan. 9 /CNW/ - Front Street Flow-Through 2007-I Limited Partnership (the "Partnership") ...
About this update from Hayasa Metals Inc.
[{"type":"text","content":"\n\n\n\nTORONTO, Jan. 9 /CNW/ - Front Street Flow-Through 2007-I Limited\nPartnership (the "Partnership") announced that it will be proceeding with the\ndirect and indirect tax-deferred transfer of the assets of the Partnership\n(the "Mutual Fund Rollover Transaction") into the Front Street Resource Fund\nclass of Front Street Mutual Funds Limited (the "Rollover Fund"). The\ntransaction will take place on February 2, 2009 after the close of business.\nIn exchange for the assets, Rollover Fund Series B Shares will be issued to\nthe Partnership and then distributed to individual limited partners. The\nPartnership will be dissolved on or about February 4, 2009.\n\n\nRedemption Option: Series B Shares are in book entry only form.\nConsequently, limited partners of the Partnership who want to redeem their\nSeries B Shares must contact their brokers or dealers to exercise the\nredemption option. When shares are redeemed, the Rollover Fund will send the\nshareholder the proceeds within three business days after the calculation date\nfor the net asset value used in establishing the redemption price. The Series\nB Shares issued under the Mutual Fund Rollover Transaction will be able to be\nredeemed through FundServ as soon as possible after the rollover, once the\nindividual holders' investment advisor has reconciled the positions with\nFundServ.\n\n\nThe Rollover Fund: The Rollover Fund is a fund class of Front Street\nMutual Funds Limited which is a mutual fund corporation incorporated under the\nlaws of Canada, with Gary Selke as its Chief Executive Officer. Its head\noffice is located at 33 Yonge Street, Suite 600, Toronto, Ontario. Rollover\nFund securities are sold under a continuous offering prospectus. The Rollover\nFund is a reporting issuer for securities law purposes in all provinces and\nterritories of Canada.\n\n\nThe Rollover Fund is advised by Front Street Investment Management Inc.,\nthe same investment advisor that has advised the Partnership. The fund's\ninvestment objective is primarily to achieve capital appreciation through\ninvestment in a diversified portfolio of equity securities of resource issuers\nengaged in oil and gas or mining exploration, development or production or\nother forms of energy production, pulp and paper, forestry industries, or\nenergy product and related resource ...