Calgary – May 25, 2011 – AGS Energy Fund is pleased to announce a fifth cash distribution in the amount of $24,100 per unit, dated May 27, 2011.
The Fund was launched September 30, 2004 with an investment cost base of $50,000 per unit. The Fund’s net asset value as of May 4, 2011, including distributions to the Limited Partners, was $86,531.82 per unit. To date, a total of $78,000 per unit has been returned to investors via cash distributions. The total return on investment to May 4, 2011 was 73.06% for unitholders who participated in the Fund since inception.
The current plan for AGS Energy Fund is to wind down the partnership and distribute net proceeds to unitholders. Future cash distributions to unitholders are expected as further assets in the portfolio are monetized.
About CGS Asset Management Ltd.:
CGS is based in
CGS’s focus is on equity, or near equity capital investments in Canadian energy and energy related companies that offer the potential for substantial long term capital appreciation. Investors in CGS managed funds have a unique opportunity to invest alongside skilled technical and operational oil and gas managers. The Company employs experienced oil and gas professionals with executive level experience running private and public companies. Mr. Chow has served as a corporate director in a number of public and private oil and gas corporations and has been employed in the energy industry since the seventies.
CGS Asset Management Ltd. currently manages a number of private equity and flow through funds and a mutual fund, including AGS Energy Fund, L.P., AGS Energy Fund (Parallel) L.P., AGS Energy Fund II, L.P., AGS Energy Fund II (P1), L.P., AGS Energy Fund II (P2), L.P, AGS Energy Fund III, L.P., CGS Resource Fund Ltd., CGS Flow-Through 2010 LP and CGS Flow-Through 2011-1 LP.
For further information, please visit www.cgsam.com or contact:
Clarence Chow
President & CEO
CGS Asset Management Ltd.
Telephone: (403) 571-0692
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