TORONTO, Nov. 18, 2022 (GLOBE NEWSWIRE) — PartnersNinepointLP (Ninepoint) announced that Ninepoint2021 Flow-Through Limited Partnership (the 2021 Limited Partnership) and Ninepoint2021 Short-Term Flow-Through Limited Partnership (the 2021-II Partnership and the en commandite2021 forming the Limited Partnerships, each a Limited Partnership), will effect a tax-advantaged transfer of the assets of the Limited Partnerships to the Ninepoint Resource Fund Class, a unit class of Ninepoint Partnership Funds Inc., an open-ended mutual fund ( the rollover operation of mutual funds).

In consideration for the assets of the 2021 Partnership, the Ninepoint Resource Class Funds will place Series A and F shares in the Partnership, which will be distributed to their Limited Partners in exchange for their Class A and F shares in the National Class Portfolios and the Qubec -Class of limited partnership. In consideration for the assets of the 2021-II Partnership, the Ninepoint Resource Fund Class will issue Series A and F shares of the Partnership to be distributed to its Limited Partners in exchange for their Class A and F shares of the Partnership in sponsorship. In exchange for these shares, limited partners will receive shares in the Ninepoint Resource Fund class equal in value to the partnership shares they hold. The mutual fund rollover will take place after close of business on or about February 3, 2023. The limited partnerships will be dissolved on or about March 31, 2023.

The investment objective of the Ninepoint Resource Class of Funds is to achieve long-term capital growth by investing primarily in equities and related securities of companies in Canada and worldwide that are directly or indirectly involved in the activities of the sector. Ninepoint is the manager of the Limited Partnerships and the Ninepoint Resource Class of Funds. Sprott Asset ManagementLP is the Sub-Adviser to the Ninepoint Resource Class of Funds.

Additional information about the Ninepoint Resource Fund Class is available in the Fund’s simplified prospectus at www.sedar.com and www.ninepoint.com/en.

About NinepointLP Partners
Toronto-based Ninepoint Partners is one of Canada’s leading alternative investment managers with $8.2 billion in assets under management and institutional contracts. Dedicated to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a wide range of non-traditional strategies including equities, fixed income, alternative income, real assets, currencies and digital assets.

Visit the website for more information on NinepointLP partners www.ninepoint.com/fr/. If you have any questions about this offer please contact us by phone at 416943-6707 or 866299-9906 or email at [email protected]

Certain statements in this press release constitute forward-looking statements, including but not limited to those expected and will be determined by the expressions and similar expressions as they relate to a limited partnership. Forward-looking statements are not historical facts, but instead reflect the current expectations of the Partnership and Ninepoint as to future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Partnership and Ninepoint believe that the assumptions inherent in the forward-looking statements are reasonable, these statements are in no way guarantees of future performance and accordingly, readers are cautioned not to place undue reliance on these statements due to the inherent uncertainty. Neither the Partnership nor Ninepoint undertakes to publicly or otherwise update any forward-looking statements or forward-looking information, whether as a result of new information, future events or other factors affecting such information, except as required by law.

Press release sent on November 18, 2022 at 9:40 a.m. and distributed by: