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CMP 2010 II Resource Limited Partnership Files For IPO - Quick Facts

(RTTNews) - CMP 2010 II Resource Limited Partnership said Friday that it has filed a preliminary prospectus relating to an initial public offering of limited partnership units of the partnership in all the provinces and territories of Canada. The maximum offering is C$50 million or 50,000 units.

The partnership's investment objective is to provide for a tax-assisted investment in a diversified portfolio of flow-through shares and other securities, if any, of resource companies with a view to earning income and achieving capital appreciation for limited partners.

The units are being offered at a price of C$1,000 per unit, subject to a minimum subscription of five units for C$5,000, payable in full at time of subscription.

Prior to July 1, 2012, the partnership plans to complete an exchange transaction with Dynamic Managed Portfolios Ltd. pursuant to which limited partners will receive redeemable DMP Resource Class shares on a tax-deferred basis. DMP Ltd. is an open-end mutual fund corporation managed by Goodman & Company, Investment Counsel Ltd. which currently offers seven classes of mutual fund shares, including the DMP Resource Class Shares. Each class of shares constitutes a separate mutual fund. The multiple-class structure allows investors to switch between different classes on a tax-deferred basis and reposition their investment portfolio to meet their individual investment requirements.