Ninepoint Partners Announces Second and Final Closing of Ninepoint 2022 Short-Term Flow-Through Limited Partnership, Canadian Business Journal

TORONTO, Oct. 20, 2022 (GLOBE NEWSWIRE) — Ninepoint Partners LP (“Ninepoint”) announces that the Ninepoint 2022 Short Duration Flow-Through Limited Partnership (“Partnership”) has completed its second and final associated closing will be announced. Pursuant to its prospectus dated September 14, 2022, it has offered for sale Class A and Class F Limited Partnership Units (“Units”). The partnership raised $10,836,700 in additional sales of 433,468 units, bringing total revenue to $23,521,125. Units are offered at a subscription price of $25.00 per unit with a minimum subscription of 100 units ($2,500).

The partnership will provide liquidity to Limited Partners through a tax deferred rollover to the Ninepoint Resource Fund Class from 15 January 2024 to 28 February 2024.

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The investment objective of the partnership is to capital appreciation and To achieve significant tax incentives. ).Investments made with proceeds from the unit are made in resource issuers across Canada

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A flow-through partnership is one of the most effective tax relief strategies available to Canadians. Ninepoint anticipates that investors participating in the partnership will be eligible for a tax credit of approximately 100% of their investment.

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The partnership is sub-advised by Sprott Asset Management LP (“Sprott”), one of the leading investment advisors to small and medium-sized Canadian resource companies. Sprott has established relationships with hundreds of companies during its long history of investing in the resources sector. Our experienced team of portfolio managers is supported by a team of technical experts with extensive backgrounds in mining and geology.

Portfolio Manager Jason Mayer will manage the portfolio of partnerships and will be supported by Sprott’s extensive team of experienced resource investment professionals.

Agent

The offering is being made through a syndication of agents led by RBC Dominion Securities Inc., including CIBC World Markets Inc., TD Securities Inc., National Bank Financial Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc. and iA Private Wealth. I’m here. Inc., Manulife Securities Incorporated, Raymond James Ltd., Richardson Wealth Limited, Canaccord Genuity Corp., Desjardins Securities Inc., INFOR Financial Inc.

aboyout nine point partners L.P.
Based in Toronto, Ninepoint Partners is one of Canada’s leading alternative investment management firms, overseeing $8.4 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that may enhance returns and manage portfolio risk, Ninepoint has a portfolio of investments in Equities, Fixed Income, Alternative Income, Real Assets, F/X, and offers a variety of alternative strategies across digital assets.

For more information on Ninepoint, please visit www.ninepoint.com.Alternatively, to inquire about an offering, call (416) 943-6707 or (866) 299-9906 or [email protected]Please contact your investment advisor for more information.

Certain statements contained in this news release constitute forward-looking statements. This includes, but is not limited to, the expressions “expect”, “intend”, “expect”, “will” and those identified by similar expressions to the extent they are relevant. It will not be. partnership. Forward-looking statements are not historical facts but reflect the current expectations of The Partnership, Ninepoint and Sprott regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Partnership, Ninepoint and Sprott believe that the assumptions inherent in forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance. Readers are therefore cautioned not to place undue reliance on such statements due to their inherent uncertainties. in it. Except as required by law, neither Partnership, Ninepoint nor Sprott makes public forward-looking statements or information as a result of new information, future events or other factors affecting this information. does not undertake any obligation to update or otherwise revise.

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