Ninepoint Flow-Through Limited Partnerships Announces Rollover Transaction and Dissolution

Class in: Offers
Theme : Financial agreements

TORONTO, Nov. 30, 2023 (GLOBE NEWSWIRE) — NinepointLP Partners (Ninepoint) announced that Ninepoint2022 Flow-Through Limited Partnership (the 2022 Limited Partnership) and Ninepoint2022 Short-Term Flow-Through Limited Partnership (the 2022-II Limited Partnership as as well as the 2022 Limited Partnership) Limited Partnerships 2022 form the limited partnerships, each a limited partnership), will make a tax-deferred transfer of the assets of the limited partnerships to the Ninepoint Resource Fund Class, a share class of Ninepoint Corporate Funds Inc., a fund company for investment funds with variable capital (the rollover operation of mutual funds).

In consideration for the assets of the 2022 Partnership, the Ninepoint Resource Fund Class will contribute Series A and F shares to the partnership, which will be distributed to its limited partners in exchange for their National Class A and F Class and Quebec Category shares of the limited partnership . In consideration for the assets of Limited Partnership 2022-II, Ninepoint Resource Fund Class will contribute Series A and F shares to the partnership, which will be distributed to its limited partners in exchange for their Class A and F shares of the partnership. Sponsorship. In exchange for these shares, limited partners will receive shares of the Ninepoint Resource Fund class equal to the value of the limited partnership shares they hold. The investment fund transfer will occur on or about February 9, 2024 after close of business. The limited partnerships will be dissolved on or about March 31, 2024.

The investment objective of the Ninepoint Resource Fund Class is to achieve long-term capital growth by investing primarily in equities and related securities of companies in Canada and around the world that are directly or indirectly involved in the activities of the sector. natural resources. Ninepoint is the manager of the Ninepoint Limited Partnerships and Resource Fund Class. Sprott Asset ManagementLP is the sub-adviser to the Ninepoint Resource Fund Class.

For further information about the Ninepoint Resource Fund Class, please see the Fund’s simplified prospectus on the Websites And

About NinepointLP Partners
Toronto-based Ninepoint Partners is one of Canada’s leading alternative investment management firms, with approximately $8 billion in assets under management and institutional contracts. Ninepoint is committed to helping investors find innovative investment solutions that have the potential to enhance returns and manage portfolio risk. Ninepoint offers a diverse range of non-traditional strategies including equities, fixed income, alternative income, real assets, currencies and digital assets.

For more information about NinepointLP Partners, visit the website contact us by phone at 416943-6707 or 866299-9906, or by email at [email protected].

Certain statements contained in this press release constitute forward-looking statements, including, without limitation, those based on the statements “expectations” and “will” and similar statements as they relate to a limited partnership. Forward-looking statements are not historical facts but reflect the Partnership’s and Ninepoint’s current expectations regarding 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 contained in the forward-looking statements are reasonable, such statements are not guarantees of future performance and readers are therefore cautioned not to place undue reliance on such statements due to the inherent uncertainty. Neither the Partnership nor Ninepoint undertakes any obligation to update publicly or otherwise any forward-looking statements or information of a forward-looking nature, whether as a result of new information, future events or other factors affecting such information, except as required by law.

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