The assets of the Partnership were transferred to the Mutual Fund in exchange for shares of the Mutual Fund having an aggregate net asset value equal to the value of the transferred assets. These transfers occurred on a tax-deferred basis. As of June 30, 2011, the final net asset value per Partnership unit was $22.5643 and the net asset value per Mutual Fund share was $17.5675. Each Limited Partner will receive 1.28443 Mutual Fund shares for each Partnership unit held. The Partnership will be dissolved and Limited Partners will automatically become shareholders of the Mutual Fund, effective immediately.
Shares of the Mutual Fund are redeemable by shareholders at their net asset value on the last business day of each week commencing on July 15, 2011 under the fund code CGS320. Investors who would like to redeem their Mutual Fund shares must contact their brokers or dealers in order to exercise the redemption option. The redemption price for Mutual Fund shares will be paid within three business days. There is no redemption fee. For more information on the rollover and redemption instructions please click here.
CGS Resource Fund Ltd. is managed by CGS Asset Management Ltd.
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.
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. 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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