TORONTO, ONTARIO--(Marketwire - Jan. 14, 2013) - CMP 2011 Resource Limited Partnership ("CMP 2011") and CMP 2011 II Resource Limited Partnership ("CMP 2011 II" and together with CMP 2011, the "Partnerships") are pleased to announce that the Partnerships have completed the transfer of their assets into Dynamic Managed Portfolios Ltd. ("DMP Ltd.") in exchange for shares of DMP Resource Class.
On the date of transfer, January 11, 2013, the net asset values for CMP 2011, CMP 2011 II and DMP Resource Class were $258.64 per unit, $490.05 per unit and $16.34 per share, respectively. Upon the dissolution of the Partnerships, on or about February 6, 2013, shares of DMP Resource Class will be distributed to limited partners. In the interim, investors in the Partnerships can determine a value for their holdings in DMP Resource Class by multiplying the number of units they held in CMP 2011 and CMP 2011 II by 15.8316 and 29.9966 shares of DMP Resource Class, respectively. The derived net asset value per unit of the Partnerships will continue to be available on the CMP™ website (www.cmpfunds.ca) until the dissolution of the Partnerships.
DMP Ltd., an open-ended mutual fund corporation, offers multiple classes of mutual fund shares, including DMP Resource Class. Each class of shares constitutes a separate mutual fund (each a "DMP Fund"), the DMP Resource Class being one of the DMP Funds. DMP Resource Class is managed by GCIC Ltd. ("GCICL") and sub-advised by Goodman Investment Counsel Inc. ("GIC"). The multiple class structure of DMP Ltd. allows investors to switch between the DMP Funds on a tax-deferred basis and reposition their investment portfolios to meet their individual investment requirements.
CMP is a pioneer in flow-through investing, with a history dating back to when flow-through shares were first introduced by the federal government. Since its creation in 1984, CMP has successfully raised and invested over $2.8 billion in companies active in exploration and development efforts across Canada. When combined with Canada Dominion, the two partnerships form the largest flow-through investing platform in Canada, raising a combined total of more than $4 billion in assets throughout their history.
GIC is a wholly owned subsidiary of Dundee Corporation (TSX:DC.A) and is led by Ned Goodman, CFA, utilizing a team of resource specialists at Dundee Resources Limited. GIC is manager of Goodman Gold Trust and the CMP and Canada Dominion flow through limited partnerships, as well as sub-advisor to the Partnership and other limited partnerships managed by Dundee Securities in addition to investment funds managed by GCICL.
About Dundee Securities Ltd.
Dundee Securities, manager of the Partnerships, is an investment dealer and wholly owned subsidiary of Dundee Corporation. Dundee Securities is a full service investment bank that provides financing and advisory service for public and private companies, financial advisory for private clients as well as research and institutional trading services to clients in Canada, the United States and Europe.
GCICL offers a wide range of wealth management solutions through financial advisors. These include the mutual funds and hedge funds of Dynamic Funds®, the portfolio solutions of the Marquis Investment Program and the high net worth wealth management of DundeeWealth Investment Counsel. GCICL is a wholly owned subsidiary of DundeeWealth Inc. DundeeWealth Inc. is a wholly-owned subsidiary of Scotiabank (TSX:BNS).