Feature
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Trinity Wood Mining 2009-I Flow-Through
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| PERFORMANCE |
As at September 11 2009, the Trinity Wood Mining 2008 fund yielded 88.99% after-tax on the after tax investment. |
| SIZE |
The smaller size of the Trinity Wood Mining Flow-Through funds allows us to be more selective and manage a smaller number of companies.
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| PORTFOLIO MANAGEMENT EXPERIENCE |
Rob Callander of Caldwell Investment Management Limited has over 30 years experience in the mining industry, in portfolio management, investment analysis and in corporate finance. Furthermore, Mr. Callander has been ranked as one of the top mining analysts in the country. |
| TRACK RECORD OF PORTFOLIO MANAGER |
Caldwell Investment Management is a leading Canadian portfolio manager.
Caldwell Funds |
3 Year Rankings |
Caldwell Income Fund |
Top 1% |
Caldwell Exchange Fund |
Top 2% |
Caldwell Balanced Fund |
Top 6% |
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| INDUSTRY ADVISOR |
Mining due diligence is carried out by David Wahl and his team at Southampton Associates. Wahl is a Mining Engineer and Geophysicist with 40 years experience and is a leading figure in the mining industry. He is backed up by Dr. John Wahl and Dr. George Cargill with 35 years and 40 years experience respectively. |
| EXECUTIVE EXPERIENCE |
The Chairman and CEO of the manager is Michael Newbury. Mike is a project finance specialist with over 35 year's experience in the operation, financing and evaluation of natural resource projects - primarily in mining. He has a B.Sc. from Queen's in Geology and a M.Sc. from McGill in Mining, managed Barclays Bank World Mining Group and was in Corporate finance at Credit Suisse. He was one of the initial partners in Endeavour Financial and provided his technical expertise to that group for over 10 years. Mr. Newbury is currently a Director of a number of mining companies. |
| TAX SAVINGS |
Minimum equivalent deduction in Ontario of 123.47%. |
| TAX DEDUCTIONS |
100% of the amount you invest with us is deductible in 2009. |
| FEES |
2% management fee and NO PERFORMANCE BONUS. We believe that a performance bonus presents an unhealthy incentive for the Manager to roll the dice with the investors' money, hoping for the big one so they might receive the incentive fee. This is exactly the opposite of what is needed here. Breakeven is a very attractive goal and investors can routinely make an average of 80% after tax ( Ontario ) in the Trinity Wood fund if this goal is achieved. |
| SUPERIOR LIQUIDITY |
Trinity Wood permits up to 25% of available funds to be invested in private companies. We do so in order to take advantage of unusual and attractive opportunities that may come to our attention. However, we will only entertain such opportunities when there is a clear plan, already in progress, to take the company public. Furthermore, we take very small positions in each of our investees allowing us to get out at little or no discount. |
| PREMIUMS |
Trinity Wood has historically paid premiums of 3% to 10%. This is largely due to our broker, Ian Overton, who has developed long-term relationships with a wide variety of mining companies allowing us to negotiate attractive and sometimes zero premiums. Very low or no premiums are expected with our 2009 offering.
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| PORTFOLIO MIX |
Trinity Wood is 100% mining qualifying for the Federal Super Flow-through tax credit and provincial mining credits where applicable. Trinity Wood and our portfolio managers Caldwell Investment Management Limited believe that an energy/mining mix offers the worst of all worlds. Investors do not know what they are getting. |
| EARLY TAX-FREE ROLLOVER |
Trinity Wood is OBLIGED to present one of more liquidity options to investors on or BEFORE October 31, 2010. This timeframe provides flexibility to present the right opportunity at the right time to investors and, a tax-deferred rollover could occur as early as March 2010. |
| 100% INVESTOR FINANCING |
Financing available to qualified purchasers through a Canadian chartered bank at a very attractive interest rate. |
| LEGAL COUNSEL |
Tax opinion and Offering Memorandum provided by Blake Cassels & Graydon LLP, one of Canada 's leading law firms. |
| AUDITORS |
Collins Barrow Toronto LLP. |
| CLOSINGS |
Closings weekly. |
