Designed specifically for high net-worth or eligible investors in Canada, the Partnership will initially invest in a diversified portfolio of flow-through securities from select resource issuers, focused on oil & gas exploration and development. The Partnership will attempt to maximize tax benefits for its limited partners through the purchase of flow-through shares, which is expected to generate significant income tax savings for limited partners during the 2011 tax year.
The Fund, which has a similar structure to the CGS Flow-Through 2010 LP, has a maximum issue size of $30,000,000 and a minimum size of $1,000,000. Anticipated initial closing will occur on or about May 31, 2011. Monthly closings will occur thereafter, subject to availability until December, 2011. Minimum purchase size for investors is $5,000 or 200 units. A tax deferred rollover of the Partnership is expected to occur on or about June 30, 2012, which will provide limited partners with liquidity.
Investment Advisors who wish to place orders can do so through FundSERV, under the code CGS 111.
The following represents the performance data of some of the various funds managed by CGS and AGS Capital Management Ltd:
-CGS Flow Through 2010 LP – estimated NAV at time of rollover on June 30, 2011 is between $21 and $23 per unit, yielding an after-tax internal rate of return of 28% to 45% in less than a year for Ontario investors with a marginal tax rate of 46.41%.
-CGS Resource Fund Ltd. – absolute performance year to date of 7.4%, year over year of 8.9% and the last two years of 50.8% (as of April 30/11).
-AGS Energy Fund L.P. – absolute performance since inception of 73.06% (as of May 4/11).
-AGS Energy Fund II L.P. – absolute performance since inception of 13.85% (as of May 4/11).
-AGS Energy Fund III L.P. – absolute performance since inception of 106.62% (as of May 4/11).
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
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Please click on the following link to review our regulatory disclosure: