Sprott Private Wealth 158676 Tax Letter.indd - PDF

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					                                                                                                                                  Sprott Private Wealth LP
                                                                                                                            Royal Bank Plaza, South Tower
                                                                                                                                             200 Bay Street
                                                                                                                                    Suite 2700, P.O. Box 89
                                                                                                                                 Toronto, Ontario M5J 2J2

                                                                                                                                    Telephone: 416.943.6707
                                                                                                                                     Facsimile: 416.362.4928
                                                                                                                                    Toll Free: 1.866.299.9906

November 16, 2009

As part of the income tax reporting for the Sprott Funds you may receive certain tax reporting forms as set out in
the chart below. Please note that these estimates are subject to change prior to year-end. We encourage you to
incorporate any possible distributions into your 2009 tax planning and seek independent tax advice with respect
to your own particular circumstances.

    Fund owned                                    Income Tax Forms                                Expected distribution

    MuTual Funds                                  On	or	before	March	31,	2010,	you	may	receive:   No	distributions	are	currently	expected	
    •	   Sprott	Canadian	Equity	Fund              •	 T3	Statement	of	Trust	Income	or              on	any	of	the	Funds,	with	the	exception	
                                                                                                  of	Sprott	Gold	Bullion	Fund,	which	is	
    •	   Sprott	Gold	and	Precious	Minerals	Fund   •	 Relevé	16	(Quebec	residents	only)
                                                                                                  expected	to	realize	and	distribute	net	
    •	   Sprott	Energy	Fund                                                                       taxable	capital	gains	of	$0.02	per	unit	
    •	   Sprott	Growth	Fund                                                                       for	both	Class	A	and	Class	F	units.
    •	   Sprott	Global	Equity	Fund
    •	   Sprott	Small	Cap	Equity	Fund
    •	   Sprott	All	Cap	Fund
    •	   Sprott	Gold	Bullion	Fund
    •	   Sprott	Multi-Manager	Fund

    HEdgE Funds sET up as TrusTs                  On	or	before	March	31,	2010,	you	may	receive:   No	distributions	are	currently	expected.
    •	 Sprott	Small	Cap	Hedge	Fund                •	 T3	Statement	of	Trust	Income	or	
                                                  •	 Relevé	16	(Quebec	residents	only)

    HEdgE Funds sET up as lIMITEd                 On	or	around	March	31,	2010,	you	may	receive:   No	net	income	or	capital	gains	
    parTnErsHIps                                  •	 	 5013	Statement	of	Partnership	Income	or
                                                      T                                           distribution	are	currently	expected	.
    •	 Sprott	Hedge	Fund	L.P.                     •	 Relevé	15	(Quebec	residents	only)
    •	 Sprott	Hedge	Fund	L.P.	II
    •	 Sprott	Opportunities	Hedge	Fund	L.P.

	Assumes	that	units	were	held	throughout	the	entire	year

Should you have any questions, please do not hesitate to contact your investment representative or customer
service at (416) 943-6707 or toll free at 1-866-299-9906. This letter does not constitute income tax advice
and we are not able to provide income tax advice. You may visit our website www.sprottwealth.com, under the
“Investment Centre” tab we have provided some additional tax information and some tax-specific frequently
asked questions.

Yours truly,

Iryna McCoubrey
Chief Financial Officer
Sprott Private Wealth LP
The	information	contained	herein	is	subject	to	change	without	notice	and	is	directed	only	to	clients	who	are	residents	of	Canada.		Sprott	Private	Wealth	LP	accepts	no	
liability	whatsoever	for	any	loss	or	damage	of	any	kind	arriving	out	of	the	use	of	all	or	part	of	this	information.		The	information	contained	herein	is	unaudited.		This	
information	is	not	intended	to	provide	specific	individual	advice.		Please	ensure	you	contact	your	own	professional	advisor	regarding	your	specific	tax	situation.
Commissions,	trailing	commissions,	management	fees,	incentive	fees	and	expenses	may	all	be	associated	with	mutual	fund	and	hedge	fund	investments.		Mutual	funds	
and	hedge	funds	are	not	guaranteed,	their	values	change	frequently	and	past	performance	may	not	be	repeated.		Please	read	the	prospectus/offering	memorandum	before	
investing.		Copies	are	available	from	your	advisor	or	from	Sprott	Private	Wealth	LP.

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