July 9, 2014

On July 11, 2014, Tier One Capital Limited Partnership (the "Partnership") and The Business, Engineering, Science and Technology Discoveries Fund Inc. (the "Fund") will complete a transaction whereby the Partnership will acquire substantially all of the assets of the Fund in exchange for units of the Partnership (the "Units"). Pursuant to the transaction, the Class A and Class L Shares of the Fund that were not the subject of validly exercised dissent rights will be automatically redeemed for Units, and each Class A Shareholder and Class L Shareholder of the Fund will receive an equivalent value of Units in payment for the redemption price of Class A Shares and Class L Shares held by that shareholder on July 11, 2014 based on the most recently calculated net asset value of the applicable series of Class A and Class L Shares and the deemed issue price of $14 per Unit.

The Units of Tier One Capital Limited Partnership will begin trading on July 11, 2014.  

Disclosure documents are available at www.thecse.com

Effective Date: July 112014
New Symbol: TLP.UN

New CUSIP:  88650W 10 7

New ISIN:  CA 88650W 10 7 7