TORONTO, Oct. 17, 2012 /CNW/ - Multi-Manager Distribution No. 1 Limited, the general partner of Multi-Manager Limited Partnership I, today announced that the Limited Partnership received the approval of its limited partners to dissolve the Limited Partnership and to sell to AGF Investments Inc. the distribution fees remaining payable to the Limited Partnership after October 31, 2012. The approval was received at a special meeting of the limited partners held on October 17, 2012. The meeting had been adjourned from October 3, 2012, to ensure the partnership satisfied its quorum requirements.
The proceeds from the sale of the Limited Partnership's right to the distribution fees will be distributed to the limited partners on or about November 5, 2012. The total cash distributed to the limited partners is expected to be as follows:
| Partnership | Purchase Price for Residual Rights as at October 31, 2012 |
Estimated Dissolution Expenses, Payables and Applicable Taxes |
Net Amount Available for Final Payment by the LP as at October 31, 2012(1) |
Number of LP Units Issued and Outstanding |
Final Payment per LP Unit(1) |
| Multi-Manager LP | $756,400 | $248,472 | $507,928 | 2,200,000 | $0.23 |
| (1) Not including the distribution to be paid in respect of the one-month interim period ending October 31, 2012 |
The Limited Partnership will be dissolved on or about November 5, 2012.
SOURCE: AGF Master Limited Partnership
Michael Clabby
Vice-President, Investor Relations and Corporate Development
416-815-6275, [email protected]
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