2010-03-16 22:51:02 -
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/16/10 -- Qwest Investment Management Corp. is pleased to announce that on March 15, 2010, it filed a final prospectus for the initial public offering of units of the Qwest Energy 2010 Flow-Through Limited Partnership (the "Partnership"). Funds raised by the Partnership will be used to purchase flow-through shares of resource issuers. The initial closing is expected to occur on or about March 24, 2010.
Investment Objective
The Partnership's investment objective is to provide limited partners of the Partnership (the "Limited Partners") with a tax assisted investment in a diversified portfolio of Flow-Through Shares of Resource Issuers with a view to achieving capital appreciation for Limited Partners. The principal business of the resource issuers will be: (i) oil and gas exploration, development and production; (ii) mineral exploration, development and production; or (iii) certain energy production that may incur certain start-up phase costs of renewable energy and energy efficient projects.
Investment Offering Price
The price per unit is $25.00 with a minimum subscription of $2,500 (100 units).
Attractive Tax Benefit
Investors in the Partnership are expected to receive tax deductions of 100% of the amount invested for the 2010 tax year.
Agents for the Partnership
Dundee Securities Corporation, BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Scotia Capital Inc., HSBC Securities (Canada) Inc., Canaccord Financial Ltd., GMP Securities L.P., Manulife Securities Inc., Raymond James Ltd. and Wellington West Capital Markets Inc.
Partnership's Offering Jurisdictions
A final prospectus relating to the Partnership has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada. This news release shall not constitute an offer to sell or a solicitation to purchase, nor shall there be any sale or any acceptance of an offer to purchase units of the Partnership in any province or territory of Canada.
About Qwest
Qwest Investment Management Corp. is an investment management firm which specializes in identifying and structuring investment products. Qwest Investment Management Corp. is currently focused on investments in the natural resource sector.
This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. This offering is only made by prospectus. The prospectus contains important information about the securities being offered. Investors should contact their Investment Advisor to review their investment objectives and strategies. This information is for review purposes only and investors should consult their Investment Advisor for complete details and risk factors on specific investment strategies and various investment products. Investors should read the prospectus before making an investment decision.
Contacts:
Qwest Investment Management Corp.
Cindy Bower
Senior Manager, Business Development & Client Services
604-601-5804 or 1-866-602-1142 (ext.5804)
cbower@qwestfunds.com :
www.qwestfunds.com :
