CMP 2023 Resource Limited Partnership completes rollover into CMP Next Edge Resource Class
TORONTO, June 9, 2025 /CNW/ - Next Edge Capital Corp. (" Next Edge") is pleased to announce that CMP 2023 Resource Limited Partnership (" CMP 2023") has completed the transfer of assets into CMP Next Edge Resource Corp. in exchange for shares of CMP Next Edge Resource Class.
On the date of transfer, June 6, 2025, the net asset values for CMP 2023 were $726.9265 per Class A Unit and $761.8848 per Class F Unit and the net asset values for CMP Next Edge Resource Class was $7.0600 per Series A Share and $7.8296 per Series F Share. Upon the dissolution of CMP 2023, on or about June 19, 2025, shares of CMP Next Edge Resource Class will be distributed to the limited partners of CMP 2023 (" Limited Partners"). In the interim, Limited Partners can determine a value for their holdings in CMP Next Edge Resource Class by multiplying the number of Class A Units by 102.9641 and Class F Units by 97.3083 Series A and Series F Shares, respectively, of CMP Next Edge Resource Class. The net asset values per Class A Unit and Class F Unit of CMP 2023 will continue to be available on the website of Next Edge (www.nextedgecapital.com) until the dissolution of CMP 2023.
CMP Next Edge Resource Class is a class of mutual fund shares of CMP Next Edge Resource Corp. CMP Next Edge Resource Class is managed by Next Edge. The fundamental investment objective of CMP Next Edge Resource Class is to provide long-term capital appreciation by investing primarily in Canadian resource companies that offer attractive risk-reward characteristics as well as other Canadian equities that offer the potential for capital appreciation.
Further information on CMP Next Edge Resource Class, including a copy of the simplified prospectus for CMP Next Edge Resource Class, can be found on SEDAR+ at www.sedarplus.ca under the investment fund profile of CMP Next Edge Resource Class.
About CMP®
CMP ® is a brand with a long history having pioneered the creation of flow-through limited partnerships in the 1980s and, ever since, the CMP ® Resource Limited Partnerships have offered investors nationwide the opportunity to benefit from Canada's compelling tax incentives aimed at supporting our national resource industry. Since their creation in 1984, the CMP ® Resources Limited Partnerships have raised more than $2.9 billion and have negotiated more private placements than any other flow-through partnership brand in Canada.
About Next Edge
Next Edge is an investment fund manager and a leader in the structuring and distribution of alternative, private credit and value-added fund products in Canada. The firm is led by an experienced management team that has launched numerous investment solutions in a variety of product structures and has been responsible for raising over $3 billion of alternative assets since 2000. 1 Next Edge specializes and focuses on providing unique, non-correlated pooled investment vehicles to the Canadian marketplace.
FORWARD-LOOKING STATEMENTS:
This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Next Edge's current expectations regarding future events. Forward- looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Next Edge's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Forward-looking statements in this press release include statements regarding the future operation of Next Edge and the CMP flow-through limited partnership business. Next Edge does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
1. Please note that over CAD $2 billion of the CAD $3 billion of alternative assets raised relates to assets that were raised at a previous firm(s)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Winnipeg Free Press
23 minutes ago
- Winnipeg Free Press
GST relief on new homes could save 1st-time buyers up to $240 on mortgages: report
OTTAWA – A new analysis says first-time Canadian homebuyers could save up to $240 on their monthly mortgage payments through the federal government's proposal to waive the sales tax on new builds. Desjardins Economics says in a new report that the impact on housing affordability will be 'particularly strong' for buyers in Canada's more expensive markets, like Toronto and Vancouver. The Liberal government has tabled legislation to eliminate the GST portion from new home sales of up to $1 million for first-time buyers, which works out to as much as $50,000 off the cost of a new build or substantially renovated unit. For homes sold above $1 million, the GST relief is phased out as the price tag nears $1.5 million. But Desjardins also cautions that the policy could drive up demand for housing, which in the near-term could push up home prices if not coupled with other efforts to boost supply. Monday Mornings The latest local business news and a lookahead to the coming week. Parliament has yet to pass the legislation, which the Liberals introduced alongside the government's pledge to cut income taxes starting July 1. This report by The Canadian Press was first published June 9, 2025.
Toronto Sun
27 minutes ago
- Toronto Sun
EDITORIAL: Meeting NATO's 2% target the right move
Canadian Prime Minister Mark Carney walks as he greets Canadian troops of the 4th Canadian Division as he attends a tour of the Fort York Armoury in Toronto on June 9, 2025 in Toronto. Carney has pledged to meet NATO's 2% spending pledge this year. Photo by Cole Burston / GETTY IMAGES Provided it is done competently, we agree with Prime Minister Mark Carney's announcement Monday that Canada, at long last, will meet its NATO commitment to increase military spending to 2% of gross domestic product (GDP) in this fiscal year. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account That's five years ahead of Carney's previous promise to meet the 2% target by 2030. We're so far behind — Canada currently spends 1.4% of GDP on defence annually — that NATO is already considering a new target for member nations to spend 5% of GDP on defence. Canada's failure to meet the 2% target, set by NATO in 2006, has been a long-standing national embarrassment. It has eaten away at our credibility and our effectiveness on issues of global security and international conflicts. It has justifiably upset many of our NATO allies for not pulling our own weight and, most recently, angered U.S. President Donald Trump who, on this issue, has a valid point. At the end of the Second World War, Canada had the world's fourth-largest navy after the U.S., U.K and former Soviet Union. This advertisement has not loaded yet, but your article continues below. At the end of the Korean War, Canada was spending 7% of GDP on defence. Today, we have members of our military relying on food donations to make ends meet while being sent into armed conflicts — where they continue to serve honourably — with aging and obsolete equipment. This is a national disgrace. Canada's submarines, ships, aircraft, military vehicles and artillery are all in desperate need of upgrading, as is our military presence in the Arctic, given the growing interest in its mineral resources by hostile countries such as Russia and China. No country can claim to be a sovereign nation unless it has the ability to monitor and, where necessary, counter incursions into its territory. Our concern is with Carney's pledge to 'ensure that every dollar is invested wisely, including by prioritizing made-in-Canada manufacturing and supply chains.' Read More That's not because of the intent — we agree with it — but because there are so many examples of military spending that have turned into fiascoes and boondoggles by previous governments. We're also concerned that Carney is making this major announcement on defence spending in advance of this year's federal budget and how the increased spending on defence will impact the government's overall finances. RECOMMENDED VIDEO Olympics Columnists Celebrity Olympics Canada
Winnipeg Free Press
28 minutes ago
- Winnipeg Free Press
China tariffs bite into B.C. spot prawn season, but foodies queue for kiss of the sea
VANCOUVER – Toronto resident Krista Jang showed off her 'haul' on the False Creek Fishermen's Wharf in Vancouver — a bag of sweet and meaty spot prawns, live and kicking and fresh off the boat. The actress was raised in Vancouver and spot prawn season is one of the things she misses most. Jang said she would have them 'Chinese style,' steamed and dipped in a little soy sauce and sesame oil to make the most of their 'pure and simple flavour.' 'I've had it my whole life,' she said last week of the bright orange crustaceans. 'I see that they sell (in Toronto), but it's so expensive, and it's much fresher and affordable here.' British Columbia's spot prawn season is ending this week, with live prawns selling at around $20 to $25 per pound. This spring's season began in mid-May and lasted less than a month. Domestic buyers like Jang make up only a small share of the market, but this year it was an important one, with China's 25 per cent tariffs on Canadian seafood putting a pinch on exports. China is the biggest buyer of B.C.'s spot prawns, said Christina Burridge, executive director of the BC Seafood Alliance. She said the March 20 tariffs were a 'real problem' for fishermen and exporters. 'Chinese customers don't want to pay that tariff. So, they expect that the fishermen here and the exporters will reduce their prices by at least 25 per cent, but it's impossible,' said Burridge. Mike Atkins, executive director with the Pacific Prawn Fishermen's Association, said the Chinese tariffs were the latest burden on fishermen, as the cost of bait and fishing supplies increased. 'Our exporters this year are trying to shift markets a little bit, because it's tough to get it to China with the price, so they're trying to shift back to Japan, which (once) was our main market for spot prawns,' said Atkins. 'It is really tough for the fishermen this year.' About 1,500 to 2,000 tonnes of B.C. spot prawns are landed each year, and about 80 to 90 per cent are typically exported, said Atkins. The total value of the B.C. prawn harvest in 2023 was $83 million, according to data from the Ministry of Agriculture and Food. Lynette Kershaw with Prawns on the Spot in Richmond, B.C., said their spot prawn products usually go to public customers, but they also sell a certain portion of their frozen catch to the French Creek Fresh Seafood market in Parksville, B.C., which exports to Asia. 'I think with the tariffs, and just with the world situation right now, we have had a slowdown in selling that frozen product, so that will impact us,' said Kershaw, who has been selling spot prawns on Steveston Fisherman's Wharf for six years. But there hadn't been any slowdown in sales from local customers at the wharf. 'I think that's because the people who enjoy spot prawns know that it's a local delicacy. They know that it's a very short amount of time … I think people just want to treat themselves,' said Kershaw. A TASTING, PREPARED BY A 'LEGEND' Back at False Creek, fisherman Stewart McDonald and his crew were doling out bags of kicking prawns from a blue tank. Among those patiently waiting for a meal was a heron that the fishermen said was named Frank, prowling the wharf, and a plump harbour seal named Sparky, bobbing in the water and waiting for a handout. McDonald has spent 20 years harvesting spot prawns and selling them at the wharf. He said he can't complain about the market due to huge demand from loyal local customers queuing for a taste. Spot prawn season didn't use to be a big deal, but now it's celebrated, said McDonald. 'It's kind of like turned into a social event, like go wine tasting or pick apples or berries,' he said. 'People look forward to this prawn season because it's only a short time, and it's earlier than most of the crops. The berries and the fruit hasn't come out yet, but the prawns are incredible … and people love them.' McDonald pointed out a particularly loyal customer, Dragon Watanabe, dragging a five-pound bucket of prawns to his car. He said he was buying for his uncle's restaurant — and issued a spontaneous invitation to see them prepared by 'a legend.' Watanabe's uncle, it turns out, is 75-year-old chef Hidekazu Tojo, reputed as the inventor of the California roll, and one of the most famous Japanese chefs in Canada. His restaurant, Tojo's, goes through 20 to 25 pounds of spot prawns from McDonald's boat each day during the season. 'Stewart brought us very high-quality ingredients, that's why I respect him, we are good friends,' said Tojo of a 20-year relationship that has included going out on McDonald's boat. In the kitchen, Tojo dropped three prawns into a pot of boiling water for precisely one minute and 45 seconds — any longer and the meat would be tough, he said. He lifted them out and gently peeled them, dressing them with a vinaigrette of cilantro and minced jalapeno and plating them with a few slices of melon. Monday Mornings The latest local business news and a lookahead to the coming week. There's subtle heat from the jalapeno, in contrast to the slight sweetness of the prawns. Next is a 'Tojo's golden roll,' a sushi roll filled with raw spot prawns, Dungeness crab, and salmon, topped with herring roe. There's an explosion of briny freshness in the mouth. It tastes like kissing the sea. This report by The Canadian Press was first published June 9, 2025.
