TORONTO, Feb. 5 /CNW/ - Front Street Flow-Through 2007-I Limited Partnership (the "Partnership") announced today that it had completed the direct and indirect tax-deferred transfer of the assets of the Partnership (the "Mutual Fund Rollover Transaction") into Front Street Resource Fund of Front Street Mutual Funds Limited (the "Rollover Fund"), as discussed in their press release of January 9, 2009. The Partnership is being dissolved effective on or about February 5, 2009 following the Mutual Fund Rollover Transaction.
Class B Shares of the Front Street Resource Fund of Front Street Mutual Funds Limited ("Fund Shares") were issued at $5.6054 each. The final net asset value per Partnership unit was $6.0370. Partnership units were converted at the rate of 1.076997 Fund Shares for each Partnership unit. The Fund Shares will be subject to daily liquidity through FundServ as soon as possible after the rollover, once the individual holders' investment advisor has reconciled the positions with FundServ, under FundServ Code "FSC 401".
Additional Information: The prospectus in respect of the Fund Share distribution is available to limited partners of the Partnerships on SEDAR, at www.frontstreetcapital.com, through their broker, by calling Front Street at 1-800-513-2832.