Sprott 2010 Flow-Through Limited Partnership Announces Rollover and Dissolution
Toronto, January 12, 2012 - Sprott 2010 Flow-Through Limited Partnership (the "Partnership") announced that it will be proceeding with the tax-deferred transfer of the assets of the Partnership (the "Mutual Fund Rollover Transaction") into Sprott Resource Class of Sprott Corporate Class Inc. The transaction will take place on or about February 3, 2012 after the close of business. In exchange for the assets, Series A shares of Sprott Resource Class will be issued to the Partnership and then distributed to individual limited partners on a dollar equivalent basis. The Partnership will be dissolved on or about February 6, 2012.
Sprott Resource Class' investment objective is to seek to achieve long-term capital growth by primarily investing in equity and equity-related securities of companies in Canada and around the world that are involved directly or indirectly in the natural resource sector. The Fund is overseen by a team of leading resource experts, including Eric Sprott, Rick Rule, Paul Wong, Charles Oliver, Eric Nuttall and Jamie Horvat.
In addition to Sprott Resource Class, Sprott Corporate Class Inc. offers seven additional fund classes; Sprott Canadian Equity Class, Sprott Diversified Yield Class, Sprott Gold and Precious Minerals Class, Sprott Energy Class, Sprott Short-Term Bond Class, Sprott Small Cap Equity Class, and Sprott Tactical Balanced Class, providing investors with the flexibility of switching to other share classes on a tax-deferred basis.
Alternatively, for investors looking for another tax-advantaged investment, Sprott has filed a preliminary prospectus dated December 21, 2011 offering units of a new flow-through limited partnership, Sprott 2012 Flow-Through Limited Partnership. This limited-time offering is expected to provide investors with a 100% tax deduction for their investment in 2012. Information about the Sprott 2012 Flow-Through Limited Partnership is available through financial advisors or by contacting us directly at 1-866-299-9906 or invest@sprott.com. A copy of the preliminary prospectus for Sprott 2012 Flow-Through Limited Partnership can be found at www.sprott.com or under Sprott 2012 Flow-Through Limited Partnership's SEDAR profile at www.sedar.com.