CALGARY, Alberta, August 11, 2021 (GLOBE NEWSWIRE) – Middlefield Group®, on behalf of Discovery 2021 Short Duration LP (“Discovery 2021” or the “Partnership”), is pleased to announce that it has filed a prospectus provisional initial public offering of Class A and Class F units of Discovery 2021. The offer will be made in each province of Canada.
The objectives of the Partnership are to provide investors with significant capital appreciation and tax benefits in order to enhance the after-tax returns of Limited Partners, including 100% deductibility of their initial investment. The Partnership intends to achieve these objectives by investing in a diversified and actively managed portfolio consisting primarily of equity securities of Canadian gold companies.
Middlefield® is a leading provider of flow-through equity funds in Canada and has a strong track record of positive after-tax returns. Since 1983, Middlefield has sponsored 64 public and private flow-through funds and acted as agent or manager for more than $ 2.5 billion in resource investments.
The syndicate of agents for the offering is co-led by RBC Capital Markets and CIBC Capital Markets and includes BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotiabank, TD Securities Inc., Manulife Securities Incorporated, Richardson Wealth Limited, iA Private Wealth Inc., Canaccord Genuity Corp., Middlefield Capital Corporation, Echelon Wealth Partners Inc. and Raymond James Ltd.
For more information, please visit our website at www.middlefield.com or contact Nancy Tham from our sales and marketing department at 1.888.890.1868.
A preliminary prospectus containing important information concerning these securities has been filed with the securities commissions or similar authorities in each of the provinces of Canada. The preliminary prospectus is still in the process of being finalized or amended. Copies of the preliminary prospectus may be obtained from the members of the syndicate of agents mentioned above or from your IIROC registered financial advisor using the contact details of such agent or IIROC advisor. There will be no sale or acceptance of an offer to buy the securities until a visa for the final prospectus has been issued.