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The MMLP will be dissolved on December 31, 2094, at which point all revenues
will be paid out. The expiry date was established to be 100 years after
the date of inception. The date can be brought forward at the proposal
of the General Partner and the approval of the holders. That is, the partnership
may expire early if in the future the revenues generated are no longer
sufficient to cover expenses; or if revenues only barely cover expenses,
the general partner (MFSI) may propose the dissolution date be advanced.
This action would be subject to approval by the limited partners.
Keep in mind, revenue from redemption charges will cease in December
2001; however the partnership will continue to derive income from the
monthly distributor fees and from interest earned by investing excess
cash in the Mackenzie Cash Management Fund.
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