Business News • MarketWire • Hesperian Capital Management Ltd. announces March 8, 2013 Rollover for Norrep Performance 2012 Flow-Through Limited Partnership |
Hesperian Capital Management Ltd. announces March 8, 2013 Rollover for Norrep Performance 2012 Flow-Through Limited Partnership |
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Hesperian Capital Management Ltd. announces March 8, 2013 Rollover for Norrep Performance 2012 Flow-Through Limited Partnership
CALGARY, ALBERTA--(Marketwire - Jan. 23, 2013) - Hesperian Capital Management Ltd. ("Hesperian"), announced today that it intends to carry out the tax-deferred rollover of Norrep Performance 2012 Flow-Through Limited Partnership (the "Partnership") into the Norrep Energy Class of Norrep Opportunities Corp. (the "Mutual Fund") effective March 8, 2013.
The rollover will be a transaction pursuant to which the assets of the Partnership will be transferred to the Mutual Fund, on a tax deferred basis, in exchange for securities of the Mutual Fund. Following this, the Partnership will be dissolved and the securities of the Mutual Fund will be distributed to the Limited Partners (i.e. investors) pro rata on a tax deferred basis. There will be no fees or costs charged to the investor as result of the rollover event.
View More : http://www.marketwire.com/mw/release.do?id=1749091&sourceType=3
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