TORONTO, ONTARIO--(Marketwire - Nov. 23, 2011) - NCE Resources Group ("NCE") announces the estimated gross capital gains for the following flow-through limited partnerships (the "Partnerships"):
|NCE Diversified Flow-Through (10) Limited Partnership:||$17.48 per unit*|
|NCE Diversified Flow-Through (11) Limited Partnership:||$9.38 per unit*|
The estimated capital gains is the result of the Partnerships investing in a number of companies that were sold, merged or taken over in 2011. These transactions resulted in capital gains, which the Partnerships are required to report on T5013A tax slips issued to limited partners by March 31, 2012. 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 is a Canadian asset management company with approximately $6.5 billion in assets under management on behalf of Canadian investors. We offer a diverse range of investment products including mutual funds, hedge funds, flow-through limited partnerships and other alternative investment products. Since 1997, Sentry Investments has managed the investment portfolios of 23 Flow-Through Limited Partnerships totaling $1.5 billion. Sentry Investments was recognized as Canada's Best Equity Fund Family at the Lipper Fund Awards 2011 and was one of only five companies in 2011 to receive the prestigious Brendan Wood International TopGun Asset Management Team Award.
*It should be noted that 50% of the capital gains are taxable.
Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect," "intend," "will" and similar expressions to the extent they relate to the Partnerships. The forward-looking statements are not historical facts but reflect the Partnerships' current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the actual amount of any capital gains for the Partnerships. Although the Partnerships believe that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. For a complete disclosure record of the Partnerships, please visit their respective profiles at www.sedar.com. The Partnership undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.
|Sentry Investments Inc.|
|Commerce Court West|
|199 Bay Street, Suite 4100, P.O. Box 108|
|Toronto, ON M5L 1E2|
Les documents (y compris les communiqués de presse) se rapportant aux divers fonds d'investissement pour lesquels Sentry agit à titre de gestionnaire ou de conseiller ne sont fournis qu'à titre informatif. Ces documents ne peuvent être considérés comme étant exhaustifs ou exempts d'erreur sans un examen approfondi de la totalité des documents se rapportant à un fonds d'investissement en particulier disponibles sur SEDAR (www.sedar.com).