Details

Fund Objective

Probity Mining 2022-II Short Duration Flow-Through Limited Partnership – (the “Partnership”) will invest in Flow-Through Shares of Resource Issuers engaged in mining exploration, development and/or production in Canada. The investment objectives are to provide limited partners with a tax assisted investment in flow-through shares with a view to maximizing the tax benefit and achieving capital appreciation for limited partners.

Portfolio Manager

Firas Abbasi

Advising Representative (Portfolio Manager), Qwest Investment Fund Management Ltd.

Fund Details

NC Offering Size
BC Offering Size
QC Offering Size		 Maximum: $30,000,000 (3,000,000 Units)
Maximum: $10,000,000 (1,000,000 Units)
Maximum: $10,000,000 (1,000,000 Units)
Minimum: $1,500,000 (150,000 Units)
Issue Price $10.00 per Class A Unit
$10.00 per Class F Unit
Minimum Subscription $5,000 (500 Units)
Management Fee There is no management fee
Class P Units The General Partner may receive an allocation of net income by virtue of its ownership of Class P Units. The Class P Units will be entitled to an allocation of income of 30% of the balance of cumulative Ordinary Income that exceeds the amount equal to the Gross Proceeds.

Unit Price (NAV – Class A)

Current NAV
November 22, 2023		 Distributions Current Nav Plus Distributions
First† Second‡
National Class $3.7298 $1.0940 – $4.8238
BC Class $4.7549 $1.3654 – $6.1204
Quebec Class $2.3984 $1.1065 – $3.5049

Unit Price (NAV – Class F)

Current NAV
November 22, 2023		 Distributions Current Nav Plus Distributions
First† Second‡
National Class $3.9038 $1.1441 – $5.0479
BC Class $4.8928 $1.4047 – $6.2975
Quebec Class  $2.5259 $1.1649 –  $3.6908

† – First distribution date, October 6, 2023
‡ – Second and final distribution date, TBD
* – Portfolio Manager: – Mr. Glenn MacNeill was the Advising Representative (Portfolio Manager) for the Probity Mining 2022-II Short Duration Flow-Through Limited Partnership (“LP”). On January 19, 2023, Mr. MacNeill retired and Mr. Firas Abbasi Advising Representative (Portfolio Manager) has assumed responsibilities for the LP.

Investment Documents

  • Quarterly Portfolio Disclosure (English)
  • Semi-Annual Financial Statements June 30, 2023 (English)
  • Semi-Annual Management Report of Fund Performance June 30, 2023 (English)
  • Proxy Votes 2023 (English)
  • Quarterly Portfolio Disclosure (English)
  • Annual Management Report of Fund Performance December 31, 2022 (English)
  • Annual Financial Statements December 31, 2022 (English)
  • 2023 Independent Review Committee Report (English)
  • Quarterly Portfolio Disclosure (English)
  • Final Prospectus September 22, 2022 (English | Français)
  • Security Voting Procedures (English)
  • Securities Voting Policy (English)
  • Trade Matching Statement (English)
  • 2022 Independent Review Committee Report (English)

Tax Documents

Tax Shelter Numbers

Federal TS094714
Québec QAF-22-02035

CUSIP Numbers

National Class A – 74278E307
National Class F – 74278E406
BC         Class A – 74278E109
BC         Class F – 74278E208
Quebec Class A – 74278E505
Quebec Class F – 74278E604