Sprott Asset Management has announced that the Sprott 2014-II Flow-Through Limited Partnership has filed a preliminary prospectus in connection with its offering of limited partnership units.
A receipt for the preliminary prospectus has been issued by the securities regulatory authorities in each of the provinces and territories of Canada. Units of the Partnership ("Units") are being offered at a price per Unit of $25.00 with a minimum subscription of 200 Units ($5,000).
Investment Objective of the Partnership
The Partnership’s investment objective is to achieve capital appreciation and significant tax benefits for Limited Partners by investing in a diversified portfolio of flow-through shares and other securities, if any, of resource issuers.
Attractive Tax-Reduction Benefits
Flow-through partnerships are one of the most effective tax reduction strategies available to Canadians. Sprott anticipates that investors participating in the Partnership will be eligible to receive a tax deduction in 2014 that is approximately 100% of the amount invested in the Partnership, based on certain assumptions as set forth in the prospectus.
The Partnership will be managed by Sprott, one of Canada’s leading investors in small and mid- cap resource companies, with approximately $6.4 billion (as at June 30, 2014) dedicated to the sector. Over its long history of investing in the resource sector, Sprott has developed relationships with hundreds of companies. Its experienced team of portfolio managers is supported by a team of technical experts with extensive backgrounds in mining and geology.
Portfolio managers Jason Mayer and Eric Nuttall will co-manage the Partnership and will be supported by Sprott’s broader team of experienced resource investment professionals.
The offering is being made through a syndicate of agents co-led by RBC Capital Markets, CIBC World Markets Inc., Scotia Capital Inc. and TD Securities Inc. and includes BMO Nesbitt Burns Inc., National Bank Financial Inc., Canaccord Genuity Corp., GMP Securities L.P., Desjardins Securities Inc., Manulife Securities Incorporated, Raymond James Ltd. and Sprott Private Wealth LP.