Overview
-
Compelling Asset Class:
With oil demand predicted to grow until at least 2034 and global inventories falling, the outlook for the energy sector is supportive of continued upward pressure on the price of oil1.
-
Consistent Income:
Canadian dividend-paying oil producers are well positioned to return meaningful capital back to shareholders with low financial leverage and record free cash flow in the industry. Investors will benefit from the Fund’s target distribution of 7% NAV/unit, paid monthly*.
-
Covered Call Option Strategy:
Aims to generate additional tax-efficient income utilizing an actively managed covered call options strategy.
-
Experienced Management:
Managed by Eric Nuttall, Senior Portfolio Manager and Partner, and manager of the Ninepoint Energy Fund.
-
Investor Friendly Fund Structure:
The Fund is structured as an alternative mutual fund offering Series A, F, D on Fundserv and ETF Series (ticker: NRGI).
1Source: Bernstein, 2021
Fund Objective
The investment objective of the Ninepoint Energy Income Fund is to seek to provide unitholders with income and capital appreciation by investing in dividend paying energy companies. The Fund will use derivatives, which may introduce leverage into the Fund. The Fund may also borrow cash and sell securities short. The Fund’s maximum aggregate exposure to short selling, cash borrowing and derivatives used for leverage must not exceed 300% of the Fund’s net asset value, calculated on a daily basis.
Investment Team
-
Eric NuttallPartner, Senior Portfolio ManagerEric NuttallPartner, Senior Portfolio ManagerEric Nuttall is a Partner and Senior Portfolio Manager with Ninepoint Partners LP. He joined the firm in August 2017. Prior to joining Ninepoint, Eric began his career with Sprott Asset Management LP as a Research Associate in February 2003. He progressed to roles as an Analyst, Associate Portfolio Manager, and ultimately Portfolio Manager in 2010. Eric's views on energy are frequently sought after by BNN Bloomberg, CNBC, The Globe and Mail, The National Post, and other media organizati...Twitter (X) LinkedIn View Full Bio
-
Keegan Stoyles, CFAAssociate Portfolio ManagerKeegan Stoyles, CFAAssociate Portfolio ManagerKeegan joined Ninepoint Partners in January 2022 as an Analyst for the Ninepoint Energy Fund. Prior to Ninepoint, Keegan worked as an Equity Research Associate at TD Securities with a focus on the Energy sector, with coverage spanning Canada, the U.S and several European Supermajors. Prior to that he started his career at Encana (now Ovintiv) as a geologist and also spent several years at a private startup oil & gas company. He attended the University of Calgary and obtained a Bachelor of...View Full Bio
-
Colin WatsonVice President, Portfolio ManagerColin WatsonVice President, Portfolio ManagerColin Watson's background spans across equities, asset allocation & derivative-based strategies. Prior to Ninepoint Partners, Colin worked as a Portfolio Manager at IMCO on a team responsible for overseeing IMCO’s $26B public equity allocation and deploying derivatives-based strategies for IMCO’s public asset allocation strategy. Prior to IMCO, Colin worked at Ninepoint Partners on equity selection & options-based overlays. Colin holds a Bachelor of Commerce Degree from McMaster Unive...View Full Bio
-
Zach ChenAnalystZach ChenAnalystZach Chen is an Analyst on the Ninepoint Global Infrastructure Fund, where he researches infrastructure related equities and the Ninepoint Energy Income Fund, where he assists with the equity option overlay. Prior to Ninepoint Zach interned in Investment Banking M&A at ATB Capital Markets. Zach graduated from Ivey Business School with an HBA and also holds a Bachelor of Engineering Science in Mechatronic Systems Engineering from Western University.View Full Bio