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TORONTO, Nov. 14, 2022 (GLOBE NEWSWIRE) — Ninepoint Partners LP (” Ninepoint Partner ‘) announced today that it is making the changes described below to some of the funds it manages.
Termination and Delisting of Shares in the ETF Series
Ninepoint Partners will be offering shares in the Ninepoint Gold and Precious Minerals Fund (GLDE), Ninepoint Silver Equity Fund (SLVE) and Ninepoint Alternative Health Fund (NAHF) ETF Series (individually or collectively, which or they ” Middle “) effective on or about January 17, 2023 (the ” resolution date “).
Effective immediately, no new direct subscriptions will be accepted for Shares in the ETF Series of the Funds. Investors can continue to trade shares of the Neo Bourse Inc. ETF Series (the “ NEO grant ‘) until they are deleted.
The Funds’ ETF series shares are expected to be delisted from the NEO Exchange at the close of business on or about January 13, 2023 at the request of Ninepoint Partners and investors who then still hold Series ETFs of the Funds will do so after the received termination date.
fund mergers
Ninepoint Partners proposes the merger (individually a ” merger and together the mergers Ninepoint Convertible Securities Fund, Ninepoint International Small Cap Fund and Ninepoint US Equity Advantage Yield Index Fund (individually or collectively the “ fund in liquidation “) with Ninepoint Global Infrastructure Fund, Ninepoint Global Dividend Focus Fund and Ninepoint Income Target Fund (each a ” Extended Fund and together the Extended funds “). The terminating Funds will cease to be offered effective immediately. Following the Mergers, the pre-authorized charge schedules established for the purpose of subscription for Shares of each of the terminating Funds will be immediately transferred to the relevant Series of Shares of the relevant Continuing Fund. Pursuant to the Mergers, the shareholders of each series of each terminating fund will receive shares of the same series of the relevant continuing fund on a dollar-for-dollar basis.The Independent Audit Committee reviewed potential conflicts of interest related to the proposed mergers and issued a positive recommendation to Ninepoint Partners, having determined that that the mergers, if consummated, will result in a fair and reasonable outcome for each of the terminating funds and surviving funds.
At a special meeting to be held on or about January 25, 2023, Ninepoint Partners will seek approval of the Mergers from the Shareholders of the Liquidating Funds. Details of the mergers will be sent to investors in the liquidating funds with voting rights next month. Subject to obtaining the necessary Shareholder approvals, the proposed mergers will become effective on or about February 10, 2023. As soon as practicable after the mergers, funds to be wound up will be liquidated.
About Ninepoint Partners
Toronto-based Ninepoint Partners LP is one of Canada’s leading alternative investment managers with approximately $8.2 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that can enhance returns and better manage portfolio risk, Ninepoint Partners offers a wide range of alternative strategies spanning equities, fixed income, income from non-traditional sources, real assets, forex and include digital assets.
For more information about Ninepoint Partners LP, visit www.ninepoint.com/de or call us at 416.943-6707 or 866.299-9906 or email us [email protected].
Sales Inquiries:
Ninepoint Partners LP
Neil Ross
416 945-6227
[email protected]
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