TORONTO – December 22, 2020
Ninepoint Partners LP (“Ninepoint Partners”) today announced the December 2020 cash and annual capital gains notional distributions for its ETF Series securities. The record date for the distributions is December 31, 2020 and distributions are payable on January 8, 2021.
The annual capital gains distributions are notional distributions that will be reinvested and the resulting units immediately consolidated, so that the number of units held by each investor will not change.
The per-unit December distributions are detailed below:
|Ninepoint ETF Series||Ticker||Distribution per unit||Notional Distribution per unit||CUSIP|
|Ninepoint Diversified Bond Fund||NBND||$0.05128||$0.12636||65443H100|
|Ninepoint High Interest Savings Fund||NSAV||$0.03519||$0.00000||65443X105|
|Ninepoint Silver Equities Class1||SLVE||$0.03427||$0.00000||65444N106|
|Ninepoint Silver Equities Class1||SLVE.U||$0.03427||$0.00000||65444N114|
1Ninepoint Silver Equities Class – ETF Units have both a CAD and USD purchase option. Distribution per unit is declared in CAD, however, the USD purchase option (SLVE.U) distribution will be made in the USD equivalent. Conversion into USD will use the end-of-day foreign exchange rate prevailing on the ex-distribution date.
About Ninepoint Partners
Based in Toronto, Ninepoint Partners LP 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 offers a diverse set of alternative strategies including Alternative Income and Real Assets, in addition to North American and Global Equities.
Ninepoint Partners LP is the investment manager to the Ninepoint Funds (collectively, the “Funds”). Commissions, trailing commissions, management fees, performance fees (if any), and other expenses all may be associated with investing in the Funds. Please read the prospectus carefully before investing. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Canada should contact their financial advisor to determine whether securities of the Fund may be lawfully sold in their jurisdiction.
Please note that distribution factors (breakdown between income, capital gains and return of capital) can only be calculated when a fund has reached its year-end. Distribution information should not be relied upon for income tax reporting purposes as this is only a component of total distributions for the year. For accurate distribution amounts for the purpose of filing an income tax return, please refer to the appropriate T3/T5 slips for that particular taxation year. Please refer to the prospectus or offering memorandum of each Fund for details of the Fund’s distribution policy.
The payment of distributions and distribution breakdown, if applicable, is not guaranteed and may fluctuate. The payment of distributions should not be confused with a Fund's performance, rate of return, or yield. If distributions paid by the Fund are greater than the performance of the Fund, then an investor’s original investment will shrink. Distributions paid as a result of capital gains realized by a Fund and income and dividends earned by a Fund are taxable in the year they are paid. An investor’s adjusted cost base will be reduced by the amount of any returns of capital. If an investor’s adjusted cost base goes below zero, then capital gains tax will have to be paid on the amount below zero.
Ninepoint Partners LP