Notice of Rollover Transaction-Maple Leaf Short Duration 2011 Flow-Through Limited Partnership

This notice is being sent to advise that Maple Leaf Short Duration 2011
Flow-Through Limited Partnership (the "Partnership") will be proceeding with a
transaction (the "Liquidity Transaction") pursuant to which the assets of the
Partnership (the "Assets") will be transferred on a tax-deferred basis to the
Maple Leaf Resource Class (the "Resource Class Mutual Fund"), a class of shares
of Maple Leaf Corporate Funds Ltd., an open-ended mutual fund corporation, in
exchange for Series A shares of the Resource Class Mutual Fund. Pursuant to the
Liquidity Transaction, limited partners of the Partnership (the "Partners") will
receive the Resource Class Mutual Fund shares in connection with the dissolution
of the Partnership.


Resource Class Mutual Fund shares may be redeemed for cash or retained for
longer-term growth potential and delay incurring a capital gain tax liability
that results upon redemption of the shares. Investors can also transfer their
investment into the Maple Leaf Income Class Mutual Fund (the "Income Class
Mutual Fund") on a non-taxable basis. The Income Class Mutual Fund is
diversified across different types of equity and income orientated securities
and seeks to generate modest growth of capital while utilizing income orientated
investments to stabilize returns.


Additional information about the Resource Class Mutual Fund and Income Class
Mutual Fund is available in their simplified prospectus and annual information
form. These documents are available at www.sedar.com and www.mapleleaffunds.ca.


How the Rollover Will Work:

Pursuant to the Liquidity Transaction, Partners will receive shares of the
Resource Class Mutual Fund in connection with the dissolution of the
Partnership. The effective date of the Liquidity Transaction (the "Effective
Date") is expected to be on or about May 8, 2012. Shortly after the Effective
Date, the shares of the Resource Class Mutual Fund that the Partnership will
receive as consideration for the transfer of its assets will be distributed to
the Partners on a pro rata basis and thereafter the Partnership will be
dissolved.


Partners will receive shares of the Resource Class Mutual Fund in exchange for,
and with a value equal to, the value of the units of the Partnership held at the
time of such transfer of Assets. Partners will receive a number of shares of the
Resource Class Mutual Fund equal to the number of Partnership units held
multiplied by the conversion ratio. The conversion ratio will be equivalent to
the Net Asset Value of units of the Partnership divided by the Net Asset Value
of the shares of the Resource Class Mutual Fund determined at the close of
business on or about May 8, 2012. Shares of the Resource Class Mutual Fund will
be received and Partnership units will be removed from each Partners account.
Processing may take 2 to 3 business days (in some cases longer) to complete on
the dealer side after the rollover occurs. The Partnership will issue a press
release once the conversion ratio has been determined.


The ACB (adjusted cost base) for each unit of the Partnership and each share of
the Resource Class Mutual Fund will be determined by the General Partner upon
the wind-up of the Partnership's affairs. The Partnership will dissolve within
60 days of the Effective Date. The General Partner will communicate the
finalized details at that time.


Partners should consult with their investment advisor and/or tax advisor for all
tax-related matters.


Simplified Example:

A Partner holds 100 Partnership units with a final Net Asset Value of $20.00 on
May 8, 2012 and the net asset value per share of the Resource Class is $10.00 on
the same date. Based on these net asset values, the conversion ratio will be 2.0
(2.0 = $20.00 / $10.00). The Partner's 100 units, valued at $2,000, are removed
from the limited partner's account and 200 shares (200 = 100 x 2.0) of the
Resource Class Mutual Fund, valued at $2,000, are added to the limited partner's
account.


Note: Redemptions of the Resource Class Mutual Fund shares ARE NOT subject to a
30 day short term trading fee. Transactions may be executed as soon as the
dealer has processed the rollover details in the investors' dealer accounts and
verifies with the Partnership's records.


Processing at the dealer level can be delayed after the rollover occurs,
therefore transactions such as switches or redemptions may not be processed
until the Resource Class Mutual Fund shares have been credited to client
accounts.


Neither the Partnership nor the Mutual Fund will accept any liability for
transactions in Resource Class shares executed prior to dealer records being
updated.




Specific Information about the Mutual Fund

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               Organization and Management of the Mutual Fund               
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Manager:                              CADO Investment Fund Management Inc. 
CADO Investment Fund Management Inc.  is the manager of the Mutual Fund and
609 Granville Street, Suite 808       is responsible for managing the 
Vancouver, BC V7Y 1G5                 overall business and operations of the
Tel: [phone]                     Mutual Fund.                          
Fax: [phone]                                      
Toll free: 1-866-688-5750                                  
http://www.mapleleaffunds.ca/                            
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Portfolio Advisor:                    T.I.P. Wealth Manager Inc. is         
T.I.P. Wealth Manager Inc. ("TIP")    responsible for managing the          
Toronto, Ontario                      investment portfolio of the Funds.   
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Custodian:                            The custodian has physical custody of 
RBC Dexia Investor Services Trust     the Mutual Fund's property.           
Toronto, Ontario                         
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Registrar:                            The registrar keeps track of the      
RBC Dexia Investor Services Trust     owners of shares of the Mutual Fund   
Toronto, Ontario                      and processes purchases.            
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Auditor:                              The auditors are responsible for      
PricewaterhouseCoopers LLP            auditing the annual financial         
Toronto, Ontario                      statements of the Mutual Fund.        
                                  
                                      The auditors of the Mutual Fund may   
                                      not be changed unless the independent 
                                      review committee of the Mutual Fund   
                                      has approved the change and a written 
                                      notice describing the change is sent  
                                      to unit holders at least 60 days      
                                      before the effective date of the
                                      change.                               
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Independent Review Committee          Canadian securities legislation       
(the "IRC")                           requires the Mutual Fund to have an   
                                      IRC. The IRC is composed of three     
                                      members, each of whom is independent
                                      of us. The mandate of the IRC is to   
                                      review, and provide input on, our  
                                      written policies and procedures that  
                                      deal with conflict of interest matters
                                      in respect of the Mutual Fund and to  
                                      give their recommendation regarding   
                                      and, in some cases, approve, conflict 
                                      of interest matters identified and 
                                      referred to the IRC by us.
                                                                         
                                      The IRC will prepare, at least        
                                      annually, a report of its activities  
                                      for investors. This report will be   
                                      available at our website at 
                                      http://www.mapleleaffunds.ca/ or you  
                                      may request a copy, at no cost to you,
                                      by contacting us at                   
                                      [e-mail]. Additional       
                                      information about the IRC, including  
                                      the names of the members, is available
                                      in the Mutual Fund's Annual   
                                      Information Form.                   
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Portfolio Advisor

T.I.P. Wealth Manager Inc. ("TIP") will be responsible for the Mutual Fund's
investment activities. Mr. Jim Huang, the Presid ent of T.I.P., will act as
Portfolio Manager on behalf of TIP. Mr. Huang has over 18 years of experience
investing in the Canadian capital markets. As lead or co-manager while working
at NATCAN (formerly Altamira), Mr. Huang has managed or co-managed over $2
billion in mutual funds and institutional assets, including all of the resource
and equity income products in the Altamira and National Bank mutual fund
families. Altamira Energy Fund, Altamira Resource Fund, Altamira Precious and
Strategic Metals Fund and AltaFund (a Canadian Equity fund focusing on Western
Canada) had industry-leading performance and won awards and positive press
coverage during Mr. Huang's management. Currently, Mr. Huang is the manager for
the T.I.P. Opportunities Fund, a long/short North American equity hedge fund, as
well as being the lead manager for the Maple Leaf Short Duration Flow-Through
Funds, the Maple Leaf Corporate Funds Ltd. family of mutual funds and a small
cap equity mutual fund.


Additional Information

Additional information about the Mutual Fund will be available in the Mutual
Fund's simplified prospectus, annual information form, management reports of
fund performance and financial statements. You can obtain a copy of these
documents at your request and at no cost by calling toll free 1-866-688-5750, or
from your financial advisor, or by e-mailing [e-mail], or at
www.mapleleaffunds.ca.


These documents and other information about the Mutual Fund, such as information
circulars and material contracts, will also be available at SEDAR (the System
for Electronic Document Analysis and Retrieval established by the Canadian
Securities Administrators) at www.sedar.com.


For further information or assistance with respect to the Mutual Fund or the
Limited Partnership, please contact CADO Investment Fund Management Inc. via the
contact information listed below.