Introducing Plutus Super Flow-Through LP, managed by Pollitt Investment Council Inc.
Innovative approach to maximizing tax benefits while offering flexibility of duration (Expected rollover date is May 1 2021).
Fundamental and quantitative approach to resource investing in mineral exploration in Canada.
Tax-deferred rollover into Mainstream Minerals Corporation. Mainstream is a reporting issuer in the Provinces of British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario and its common shares are not currently listed on any exchange or market. The Company will provide an update on the Proposed Transaction and public listing process in a press release at a later date.
TORONTO, Sept. 29, 2020 /CNW/ – Plutus Super Flow-Through Limited Partnership (the “Partnership”) is pleased to announce its‘ launch to high-net-worth investors. The Partnership has issued an Offering Memorandum in connection with an unlimited number of National Class limited partnership units of the Partnership (the “National Class A and Class F Units” with FundSERV Codes PCO101 and PCO103, respectively), intended for investors in all provinces of Canada, and an unlimited number of Québec Class limited partnership units of the Partnership (the “Québec Class Units with FundSERV Codes PCO111 and PC0113, respectively” and, together with the National Class Units, the “Units”). The minimum Offering in respect of National Class Units is 4,000 National Class Units ($400,000.00) and the minimum Offering in respect of Québec Class Units is 4,000 Québec Class Units ($400,000.00). The minimum initial subscription amount is 50 Units ($5,000.00). Minimum multiples of 10 Units ($1,000.00) for subscriptions above 50 Units ($5,000.00).
National Class Investment Objective & Tax Benefits: The Plutus Super Flow-Through Limited Partnership aims to invest in flow-through shares of resource companies involved in mineral exploration in Canada with the objective to maximize the tax benefit. National Class Limited Partners must be residents of Canada or liable to pay Canadian income tax. Investors are expected to receive tax deductions for 2020 of approximately 115% of the amount invested based on and subject to certain conditions as set forth in the Offering Memorandum.
Québec Class Investment Objective & Tax Benefits: The Plutus Super Flow-through LP aims to invest in flow-through shares of resource companies involved in mineral exploration in Canada with the objective to maximize the tax benefit. Investors are expected to receive tax deductions for 2020 of up to approximately 135% of the amount invested based on and subject to certain conditions as set forth in the Offering Memorandum.
Liquidity Event: The General Partner currently intends that the Liquidity Event will be a Rollover Transaction pursuant to which the Partnership will transfer its assets to Mainstream Minerals in exchange for Mainstream Minerals Shares‘. Within 60 days after the transfer of the assets of the Partnership to Mainstream, the Partnership will be dissolved and its net assets, consisting mainly of the Mainstream Shares, will be distributed to the Partners.
Portfolio Manager: Plutus Super Flow-Through LP will be managed be Yvan Grégoire, CFA, FCSI, President and Portfolio Manager of Pollitt Investment Council Inc. Pollitt Investment Council will use a fundamental and quantitative approach in their stock selection. Plutus plans on leveraging its experienced management team to source high quality deal flow.
Offering Jurisdictions: Each of the Provinces and Territories of Canada.
SOURCE Plutus Super Flow-Through LP
For further information: Jason Libenson, President, Tel: 1-647-534-9881, Email: [email protected], Web: www.plutus-ft.ca
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
