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TORONTO, October 1, 2018 – Ninepoint Partners LP (Ninepoint Partners) today announced the following changes.
Risk Rating Change to Ninepoint Global Infrastructure Fund
Effective September 27, 2018, the risk rating of Ninepoint Global Infrastructure Fund changed from “Medium” to “Low to Medium”. This change is the result of Ninepoint Partners adopting a new reference index for determining the fund’s risk classification.
Removal of Incentive Fees for Certain Funds
Effective October 1, 2018, the annual incentive fee payable by the Ninepoint Enhanced Balanced Fund and Ninepoint Enhanced Balanced Class to Ninepoint Partners upon the achievement of certain performance targets will be eliminated.
New PTF Series
Ninepoint Partners will also be adding Series PTF units to Ninepoint UIT Alternative Health Fund and Ninepoint Energy Fund. The new series will be available to investors who participate in fee-based programs through their dealer and whose dealers have signed a Series PTF Agreement with Ninepoint Partners and have met certain infrastructure requirements. Series PTF units are expected to be available on or about October 17, 2018 for Ninepoint UIT Alternative Health Fund and on or about November 30, 2018 for Ninepoint Energy Fund.
Effective October 1, 2018, Ninepoint UIT Alternative Health Fund will be changing its name to Ninepoint Alternative Health Fund.
About Ninepoint Partners
Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $3 billion in assets under management. 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 North American Equity, Global Equity, Real Assets & Alternative Income.