Track Record
MTAX Track Record for 2000 to 2008 OFFERINGS
|
MTAX Offering |
Net After Tax Cost of $25,000 Investment Note (1) |
Value of Portfolio per $25,000 |
|
MTAX 2000 |
$ 10,564 |
$ 26,266 |
|
MTAX 2000 (No. 2) |
$ 10,564 |
$ 17,250 |
|
MTAX 2001 |
$ 11,142 |
$ 19,205 |
|
MTAX 2001 (No. 2) |
$ 11,781 |
$ 32,238 |
|
MTAX 2002 (No.2) |
$ 12,217 |
$ 21,951 |
|
MTAX 2005 |
$ 12,175 |
$ 30,758 |
|
MTAX 2006 |
$ 12,175 |
$27,545 |
|
MTAX 2006 (No.2) |
$ 12,175 |
$26,918 |
|
MTAX 2007 |
$ 12,175 |
$14,259 ( note 3) |
|
MTAX 2007 (No.2) |
$12,175 |
$13,250 |
|
MTAX 2008 |
$12,175 |
$25,500 |
|
MTAX 2008 (No.2) |
$12,175 |
$31,800 |
|
MTAX 2008 Gold |
$12,175 |
$23,000 |
| MTAX 2009 Gold Mineral Limited Partnership |
$12,175 | $29,000 Note (4) |
Note (1): This is a calculated value assuming top marginal British Columbia tax rates, taking into consideration deductions for Issue and Offering Expenses, Canadian Exploration Expenses (“CEE”) and the 15% Federal Tax Credits net of the following year add-back tax provisions for the Federal Tax Credits. No benefit has been calculated for the portion of the CEE incurred in British Columbia that qualifies for the additional 20% British Columbia Tax Credits.
Note (2): This Value is based on cash distributions and the market value of the shares at the date the shares were deemed distributed to the Limited Partners. The actual value will be the price that each Limited Partner sold their shares net of sales commissions. This value is subject to capital gains taxes when the shares are sold.
Note (3): Assumes the price of YellowHead Mining Inc., a private company, at $1.25 per share. Currently the company is completing a flow through financing offering shares at $1.25 (March 2009).
Note (4) This is the estimated current market value of the MTAX 2009 Gold Mineral LP. All the shares are not yet distributed
For complete details please refer to each relevant Offering Memorandum for each of the Offerings.
|
October 15, 2009
|