TORONTO, Nov. 15, 2016 (GLOBE NEWSWIRE) -- Sprott 2015 Flow-Through Limited Partnership – CEE Units (the “Partnership”) announced that it will be proceeding with the tax-deferred transfer of the assets of the Partnership (the “Mutual Fund Rollover Transaction”) into Sprott Resource Class of Sprott Corporate Class Inc. The transaction will take place on or about January 24, 2017 after the close of business. In exchange for the assets, Series A shares of Sprott Resource Class will be issued to the Partnership and then distributed to individual limited partners on a dollar equivalent basis. The Partnership will be dissolved on or about January 26, 2017.
The Sprott Resource Class has had strong performance this year, with a year-to-date return of 84.01% as of October 31, 2016 outperforming its benchmark (Blended Index, see table below) by 43.51 points. Despite the fund’s approximate 40% weight in the gold sector, strategic stock selection and tactical asset allocation have proven successful in maintaining the positive performance of the fund this year.
| Fund Name | Code | Value Date | MTD | YTD | 3M | 6M | 1YR | 3YR | 5YR | SI | ||||||||||||||||
| Resource Class – A | SPR106 | 10/31/16 | -4.38 | % | 84.01 | % | 2.52 | % | 23.93 | % | 76.25 | % | 12.64 | % | -3.18 | % | -2.39 | % | ||||||||
| Blended Index* | 10/31/16 | 0.72 | % | 40.50 | % | 0.16 | % | 7.57 | % | 32.24 | % | -0.22 | % | -3.93 | % | -3.19 | % | |||||||||
All returns and fund details are a) based on Series A shares; b) net of fees; c) annualized if period is greater than one year; d) as at October 31, 2016; e) 2011 annual returns are from 10/17/11 to 12/31/11. *Blended Index (50/50 S&P/TSX Capped Materials Total Return Index and S&P/TSX Capped Energy Total Return Index) and is computed by Sprott Asset Management LP based on available index information.
Sprott Resource Class’ investment objective is to seek to achieve long-term capital growth by investing primarily in equity and equity-related securities of companies in Canada and around the world that are involved directly or indirectly in the natural resource sector. Resource specialists Paul Wong and Jason Mayer are the lead portfolio managers on the Fund.
Sprott Asset Management LP, a wholly owned subsidiary of Sprott Inc., is an investment manager dedicated to achieving outstanding returns for its investors over the long-term. With a history dating back to 1981, Sprott has a team of leading investment professionals that think independently and have the courage to act on their convictions. Sprott’s clients include individual and high-net-worth investors, institutions and endowments. Please visit www.sprott.com to learn more about Sprott’s award-winning investment professionals and their market insights.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus of the relevant Fund before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The information contained herein does not constitute an offer or solicitation to anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors should consult their financial advisor to determine if such Funds may be sold in their jurisdiction.
For further information, please contact us at 1 (416) 362-7172 or 1(866) 299-9906 or invest@sprott.com.