The Fund is incorporated in the Province of Ontario. At the time of listing the fund had issued 814,147 Class A units. There were no Class B units issued.
Canadian Advantage Limited Partnership was formed to carry on the business of investing in securities of public companies, primarily in the United States.
The investment strategy of the Partnership will be to invest primarily in restricted securities of public companies based in the United States that are "reporting issuers" under the United States Securities Act of 1933, as amended and which distribute securities in private transactions pursuant to registration exemptions provided for thereunder.
The listing of the Canadian Advantage Limited Partnership Class A and B units is sponsored by Voyager Financial Services.
"Canadian Advantage Limited Partnership is pleased to be associated with the BSX", said Ian McKinnon. He further commented, "Our Net Asset Value per unit has grown from $10.00 U.S. at December 31, 1996 to over $21.00 U.S. at September 30,1998, and we have never had a down month. "We believe our association with the BSX reflects well upon the Fund and will help in our marketing efforts."
"The BSX welcomes the Canadian Advantage Limited Partnership, which brings the total number of funds now listed on the Exchange to 132" said Mr. James S. McKirdy, Listing Manager of the BSX.