Toronto, March 22, 2022 (GLOBE NEWSWIRE) — Ninepoint Partners LP (“Ninepoint”) has completed its second closing in connection with the limited offer of Ninepoint 2022 Flow-Through Limited Partnership (“Partnership”). I announced that. A national-class and Quebec-class partnership unit (collectively “units”) based on the outlook dated January 21, 2022. The partnership has raised $ 13,250,000 in total sales of additional 481,580 National Class Units and 48,420 Quebec Class Units. Revenue of $ 61,775,350. The partnership will have its third final termination on the unit on or around April 7, 2022, and the book will end on April 6, 2022 or around noon. Units are offered at a subscription price of $ 25.00 per unit. Minimum subscription for 100 units ($ 2,500).
The partnership is intended to provide liquidity to Limited Partners through a tax deferral rollover to the Ninepoint Resource Fund class between January 15, 2024 and February 28, 2024.
Menvestment Ob bjective of the Partnership
The partnership’s investment objectives are to achieve capital gains and significant tax incentives for Limited Partners by investing in a diverse portfolio of flow-through equities (defined in the prospectus) and other securities (defined in the prospectus). Is to do. ). Revenues from National Class Units will be invested in Resource Issuers throughout Canada, and investments in revenues from Québec Class Units will be invested primarily in Resource Issues, which operate in Quebec.
Attractive Taxe――――ReDuction BenefMets
Flow-through partnerships are one of the most effective tax reduction strategies available to Canadians. Ninepoint expects investors participating in the partnership to be eligible for a tax credit of approximately 100% of their investment.
Re-Sou urce EXpertise
The partnership is sub-advised by Sprott Asset Management LP (“Sprott”), one of Canada’s leading investment advisors for small and medium-sized resource companies. Sprott has built relationships with hundreds of companies over its long history of investing in the resource sector. An experienced team of portfolio managers is supported by a team of technical experts with a broad background in mining and geology.
Portfolio Manager Jason Mayer manages the partnership portfolio and is supported by a broad team of Sprott, consisting of experienced resource investment professionals.
This offering is conducted through agent syndication 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 iAPrivateWealth. Inc., Manulife Securities Incorporated, Raymond James Ltd., Richardson Wealth Limited, Canaccord Genuity Corp., Desjardins Securities Inc., and INFORM Financial Inc.
Ab bo ou ut Nine Point Partner LP
Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment managers, overseeing approximately $ 8 billion in assets under management and institutional contracts. Ninepoint is committed to helping investors seek out innovative investment solutions that have the potential to increase returns and manage portfolio risk, providing alternative income and real assets in addition to North America and global equity. We offer a variety of alternative strategies, including.
For more information on Ninepoint Partners LP, please visit www.ninepoint.com or contact (416) 943-6707 or (866) 299-9906 or email@example.com for availability.
About Sprott Asset Management LP
Sprott is a wholly owned subsidiary of Sprott Inc., an alternative asset manager and a global leader in precious metal and physical asset investment. Through its subsidiaries in Canada, the United States and Asia, Sprott Inc. is dedicated to providing investors with specialized investment strategies such as exchange listed products, managed equity, lending and brokerage firms. Common stock of Sprott Inc. is listed on the New York Stock Exchange under the (NYSE: SII) symbol and on the Toronto Stock Exchange under the (TSX: SII) symbol. For more information, please visit www.sprott.com.
Certain statements contained in this news release shall be identified by expressions such as “expect”, “intended”, “expect”, “do”, and similar expressions to the extent related to them. Consists of forward-looking statements, including but not limited to these. partnership. Forward-looking statements are not historical facts, but reflect the current expectations of partnerships, nine points, and splots regarding future outcomes or events. These forward-looking statements are subject to many risks and uncertainties where actual results and events may differ materially from current expectations. Partnership, Ninepoint, and Sprott believe that the assumptions inherent in the forward-looking statement are reasonable, but the forward-looking statement does not guarantee future performance, so the reader is unique. Be careful not to overly rely on such statements due to uncertainty. among them. Partnerships, Ninepoint, and Sprott may be publicly updated or forward-looking statements as a result of new information, future events, or other factors affecting this information, except as required by law. We have no obligation to revise the information.
This offering is created only by a prospectus. The partnership prospectus contains important details about the securities offered. A copy of the prospectus is available from a financial adviser registered with IIROC. Investors should read the prospectus before making an investment decision.
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Ninepoint Partners Announces Second Closing of Ninepoint 2022 Flow-Through Limited Partnership in Canadian Business Journal
Source link Ninepoint Partners Announces Second Closing of Ninepoint 2022 Flow-Through Limited Partnership in Canadian Business Journal