The offering of MRF 2001 was completed in April 2001 raising $33,000,000 at an issue price of $25.00 per unit. These funds were fully invested prior to 2002. On June 26, 2003, the assets of MRF 2001 were exchanged for shares of the Growth Class of the Mutual Fund. MRF 2001 was then dissolved and the shares of the Growth Class of the Mutual Fund were distributed to partners of MRF 2001. The net asset value of MRF 2001 on dissolution was $22.91 per unit. An investor in MRF 2001 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 34% on money at risk, if the Growth Class Shares were redeemed immediately upon dissolution of the partnership.