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2009 Another Record Year for Pathway & MineralFields
January 15, 2010: Toronto-based MineralFields Group and Pathway Asset Management (including EnergyFields Group) announced achievement of a new milestone – total investor subscriptions in 2009 were $152,539,340 million, representing the largest investor raise in 2009 of any flow-through limited partnership organization in Canada. The next largest investor raise was a distant second at $121 million. Pathway-MineralFields-EnergyFields have raised a total of over $704 million since inception, and currently have over $315 million under administration.
While the $152 ½ million that MineralFields and Pathway raised was not as large as the $219 million they raised in 2007, it is still very impressive in light of the dramatic decrease in investor interest for all investment products starting with the fall of Lehman Brothers in September of 2008, and continuing until the spring and summer of 2009. Only in the last half of 2009 did investors come back to the table and realize that the capitalist system that has served the world so well would survive.
As a result of having an experienced national wholesaler distribution force that is active from coast to coast (including Quebec), Pathway-MineralFields-EnergyFields expect to set a new record in 2010, our 9th year of operation. According to Joe C. Dwek, C.A., President of Pathway-MineralFields-EnergyFields “We will be introducing new products in 2010 that build on the strength of our multi-faceted investment team – this will allow Pathway-MineralFields to continue to be one of Canada’s fastest growing companies.”
With two experienced mining analysts (Ronald J. Wortel, P.Eng. MBA and Barbara Y. Thomae, P. Geo), the services of legendary technical analyst Horst Mueller of Mueller Behavioural Analytics, an exclusive advisory relationship with the respected geological and engineering consulting firm of Watts, Griffis and McOuat Limited (“WGM”), and portfolio managers William (“Bill”) Koenig, CFA, CMA and Philip Wootten, of Pathway Investment Counsel Inc., Pathway-MineralFields-EnergyFields is unique in its four-tiered approach to investment selection and due diligence. The exceptional investment returns speak for themselves, including one fund from 2005 that doubled in value in a mere 5 months, and represented an after-tax return to investors of 325.98 % before capital gains, and 227.13 % once capital gains are factored in. And the fact that we alone among all flow-through organizations have rolled over our limited partnerships from 2005, 2006, 2008 and 2009 way ahead of schedule, and thereby offered our investors early liquidity, has made us the first choice among investors and their advisors for flow-through product.
Pathway-MineralFields-EnergyFields reminds investors that it is prudent to start making plans for flow-through tax-advantaged investing in the resource sector earlier in the year, as many investors wait until the very last minute in November and December to make investment decisions – contact should be established with us early. In particular, MineralFields and Pathway caution investors that the super flow-through tax credit is set to expire on March 31, 2010, so it makes sense to invest in January and February to take advantage of this special tax break (15 % federal tax credit, as well as additional provincial tax credits in B.C., Ontario, Manitoba and Saskatchewan of 20 %, 5 % 20 % and 10 %, respectively). While the tax credit has been extended in previous years, the fact that an election is likely this year puts another extension very much in question.
We thank the thousands of investors and their financial advisors all across Canada who once again made 2000 a very successful year for Pathway-MineralFields-EnergyFields, and wish everyone a happy and prosperous new year !
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