Fidelity Capital Funding Canada Ltd., the general partner of Fidelity Partnership 1994, announced the dissolution of the partnership effective March 30.

It had been previously announced that the partnership had formally ceased operations on Dec. 31 and would formally dissolve shortly afterwards, in accordance with its partnership agreement.

At a meeting of the board of directors of the general partner, a resolution was passed to dissolve the partnership on March 30 pursuant to the provisions of the partnership agreement.

The general partner will act as receiver and liquidator of the assets of the partnership and shall sell or otherwise dispose of the partnership’s assets as the general partner considers appropriate to provide for the debts, liabilities and liquidation expenses of the partnership, and the distributions to limited partners. Out of the partnership’s proceeds of disposition, the general partner will pay or provide for the payment of the debts and liabilities of the partnership and liquidation expenses.

After the payment of the partnership’s liabilities, the general partner will then distribute to the limited partners of record on the date of dissolution, proportionate to the number of units held by them, an amount in cash or kind of the capital contribution paid in respect of each unit held, less any amount of capital contribution previously distributed to the limited partners.

Out of the remaining assets of the partnership, the general partner will be paid 0.01%, and 99.99% of the assets shall be distributed among the limited partners of record on the date of dissolution, proportionate to the number of units held by them. The general partner will then dissolve the partnership.

Fidelity’s mutual funds are different and separate from the Fidelity Partnerships and are therefore not at all affected by this event.