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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 Details
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.