WCSB 2010 FunD
WCSB Oil & Gas Royalty Income 2010 Limited Partnership (“the Partnership”) completed the final closing of its public offering of Limited Partnership Units on February 26, 2010. The Partnership issued in total, 216,876 Units for gross proceeds of $21,687,600.
The Partnerships mandate is provide Limited Partners with: i) income; ii) capital appreciation; iii) potential liquidity through the sale or roll-over of its assets (a “Liquidity Event”); and iv) a 100% tax deductible investment by participating in the development of, and, to a lesser extent, the exploration for oil and natural gas.
The General Partner is targeting a 16% annualized return on invested capital (net of projected tax savings) after fees and expenses.
|Fund Type: Closed-End || ||CUSIP: 946834108 |
|Securities: LP Units ||Tax Shelter: TS 076414 |
|Sector: Canadian Oil & Gas ||Offering Closed: February 26, 2010 |
|Mandate: Income & Capital Gain ||Liquidity Target: June 2013 - December 2014 |
|RSP Eligibility: No ||Dividend Distribution: Monthly |
A prospectus containing important information relating to these securities was filed with the securities commission or similar authorities in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Newfoundland and Labrador and Prince Edward Island for the purpose of distribution to the public. This information shall not constitute an offering to sell or the solicitation of any offering to buy the securities. This information is provided for information purposes only.
|WCSB 2010 Fund and WCSB 2010-II Fund are pleased to announce that they have completed the sale of the
portfolios of oil and gas royalties held by the Partnerships to Toscana
Energy Income Corporation (TSX Venture: TEI) originally announced on April 3, 2013.
| || |
Click here to view the WCSB 2010 Monthly Fund Snapshot or sign up below to receive them by email as they are posted.