TORONTO, February 9, 2021 – Ninepoint 2019 Flow-Through Limited Partnership (the “Partnership”), announced today that it had completed the tax-deferred transfer of the assets of the Partnership (the “Mutual Fund Rollover Transaction”) into Ninepoint Resource Class (the “Resource Fund”) of Ninepoint Corporate Class Inc. on February 5, 2021, as discussed in the Partnership’s press release of November 13, 2020.
4,882,759 Series F shares of the Resource Fund (“Fund Shares”) were issued at their net asset value of $8.9250 per Fund Share. The final net asset value per Partnership unit for purposes of the Mutual Fund Rollover Transaction was $33.7563 per Partnership unit. Accordingly, each holder of Partnership units will receive 3.7822 Fund Shares for each Partnership unit held. The adjusted cost base for each Partnership unit was $23.3848 per Partnership unit and the adjusted cost base for each allocated Fund Share was $6.1828 per Fund Share.
For investors looking for another tax-advantaged investment, Ninepoint Partners LP has filed and received a receipt for a final prospectus dated January 22, 2021 offering limited partnership units of the National Class and the Quebec Class of a new flow-through limited partnership, Ninepoint 2021 Flow-Through Limited Partnership. The prospectus contains important detailed information about the securities being offered. Investors should read the prospectus before making an investment decision.
The information provided is general in nature and is provided with the understanding that it may not be relied upon as, nor considered to be, the rendering or tax, legal, accounting or professional advice. Readers should consult with their own accountants and/or lawyers for advice on the specific circumstances before taking any action. Additional information: The prospectus for the Resource Fund is available at www.ninepoint.com, through a broker or by contacting us at (866) 299-9906 or email@example.com. Information about the Ninepoint 2021 Flow-Through Limited Partnership is available through the dealers or by contacting us at (866) 299-9906 or firstname.lastname@example.org.
About Ninepoint Partners LP
Based in Toronto, Ninepoint Partners is one of Canada’s leading alternative investment management firms overseeing approximately $7 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint Partners offers a diverse set of alternative strategies including Alternative Income and Real Assets, in addition to North American and Global Equities.