Rolled Over Flow-Through LPs

Fund Rollover Date NAVPU
at
Rollover
Total Closing
Value and
Distributions1
Estimated
Cumulative
After-Tax
Return 234
Adjusted
Cost Base
(ACB)
Norrep Short Duration
2015 FTLP
April 25, 2016 $6.22 $6.22 -12% $4.905
Norrep Short Duration
2014 FTLP
March 27, 2015 $4.22 $4.22 -41% $6.155
Norrep Short Duration
2013 FTLP
March 13, 2014 $10.11 $10.11 42% $10.695
Norrep Performance
2012 FTLP
March 8, 2013  $10.08 $10.08 42%  $9.875
Norrep Performance
2011 FTLP
April 13, 2012  $4.99 $5.72 -16% $11.135
Norrep Performance
2010 FTLP
April 8, 2011 $9.19 $10.39 51%  $10.855
Norrep Performance
2009 FTLP
September 15, 2010 $6.21 $7.48 11% $9.395
Norrep Performance
2008 FTLP
June 11, 2010 $5.11  $6.52 -2% $12.075
Norrep Performance
2007 FTLP
June 11, 2010 $2.34 $2.79 -59% $11.515
Norrep Performance
2006 FTLP
September 25, 2009 $2.25 $2.43 -65% $12.285
Norrep Performance
2005 FTLP
June 25, 2008 $6.39 $7.07 29%  $19.886
Norrep Performance
2004 FTLP
June 13, 2007 $8.81  $9.61  74% $23.136
Norrep Performance
2003 FTLP
February 6, 2007 $10.28  $12.06 77% $12.956
Norrep Performance
2002 FTLP
January 12, 2005  $9.84  $12.61 89% $14.786
 Norrep 2001 FTLP December 16, 2003 $10.94  $13.38 99% $15.116
 Norrep 2000 FTLP October 9, 2002 $6.79  $8.32 24%  $12.766
 Norrep 1999 FTLP September 29, 2001  $7.88 $12.20 90% $14.096

 

Notes

1. Net asset value at dissolution includes cash distributions that were paid to investors from inception to dissolution. 
2. In respect of the years 2004 and 2005, the estimated cumulative after tax return assumes a combined federal and provincial income tax rate of 45% and an estimated after tax net investment of $4.375 due to managing expenditures to target a 125% deduction for tax purposes of the investor's original investment in those Prior Partnerships. Actual returns may differ from those set out above.
3. As of the respective date of dissolution, as applicable. 
4. Actual after-tax rates of return for a limited partner will vary depending on a number of factors including province of residence, date of disposition and the timing and amount of actual deductions or credits received. There is no assurance that stated returns will in fact be realized.
5. Represents the Adjusted Cost Base (ACB) of one Norrep Energy Class share received at rollover including any subsequent distribution received from the Fund.
6. Represents the ACB of one Norrep II Class share received at rollover including any subsequent distribution received from the Fund.

The estimated past performance does not guarantee future results and there can be no assurance that the performance of the Partnership will equal or exceed the estimated performance of the Prior Partnerships.