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NCE Resources Group announces capital gains guidance for 2010
2010-11-23

TORONTO: NCE Resources Group (“NCE”) announces estimated net capital gains for the following flow-through limited partnerships (the “Partnerships”):

  • NCE Diversified Flow-Through (09) Limited Partnership: $12.00 per unit
  • NCE Diversified Flow-Through (10) Limited Partnership: $2.00 per unit

 

The Partnerships invested in a number of companies that were sold, merged or taken over in 2010. These transactions resulted in capital gains, which the Partnerships are required to report on T5013A tax slips, which will be issued to the Partnerships’ Limited Partners by March 31, 2011. The figures above are estimates only and may differ from the final amounts. Furthermore, these estimates are for information purposes only and are not intended as legal or tax advice. Limited Partners should consult their own legal or tax advisors.

Sentry Investments: Sentry Investments is a Canadian asset management company that offers a diverse range of investment products including mutual funds, hedge funds, flow-through limited partnerships, closed-end trusts and other alternative investments, covering a variety of domestic and global mandates.

Management: The General Partner is a member of NCE, which was formed in 1984 as an oil and gas investment management organization specializing in energy investments and providing a full range of technical, operational, administrative and investor services. Since 1984, NCE has invested or managed the investment of more than $4.9 billion in the acquisition, development and exploration of resource properties and securities of resource issuers and has entered into drilling, joint venture and other similar arrangements with oil and gas industry participants.

More information: Client Services (broker/investor inquiries and media inquiries) Tel: 1-888-730-4623 Fax: 416-364-1197 info@sentry.ca


Documents (including press releases) regarding the various investment funds that are managed or advised by Sentry are provided for information purposes only and cannot be relied on to be complete, exhaustive or error-free unless the complete set of documents for any given investment fund with respect to which information is being sought is reviewed and then only on SEDAR (www.sedar.com).