|
|
| Resource Funds |
| Explorer Limited Partnership |
|
|
|
|
|
| CUSIP #: 30215X105 |
| DISSOLUTION DATE: FEBRUARY 15, 2006 |
|
| |
| The
offering of Explorer was completed in December 2003 raising $10,000,000 at an
issue price of $25.00 per unit. These funds were fully invested prior to 2003.
On December 20, 2005, the assets of Explorer were exchanged for shares of the
Resource Class of the Mutual Fund. On February 15, 2006, Explorer was dissolved
and the shares of the Resource Class of the Mutual Fund were distributed to
partners of Explorer. The net asset value of Explorer on the dissolution date
was $28.01 per unit. An investor in Explorer who was an individual resident in
Ontario and who was subject to the highest marginal tax rate would have had an
after-tax cumulative return of approximately 50% on money at risk if the
Resource Class Shares were redeemed immediately upon dissolution of the
partnership. |
| |
|
Note: See the
Prospectus (December 16,
2003)  |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
|
|
|
