Ninepoint Partners Announces Ninepoint 2019 Short Duration Flow-Through Limited Partnership
August 28 2019 - 9:16AM
Ninepoint Partners LP (“Ninepoint”) is pleased to announce that the
Ninepoint 2019 Short Duration Flow-Through Limited Partnership (the
"Partnership") has filed a preliminary prospectus in connection
with its offering of limited partnership units (the “Units”). A
receipt for the preliminary prospectus has been issued by the
securities regulatory authorities in each of the provinces and
territories of Canada. The Units are being offered at a price per
Unit of $25.00 with a minimum subscription of 100 Units ($2,500).
The Partnership has retained Sprott Asset
Management LP (“Sprott”) to act as sub-advisor to the Partnership.
The Partnership intends to provide liquidity to limited partners
through a rollover to the Ninepoint Resource Class in the period
between January 15, 2021 to February 28, 2021.
Investment Objective of the
PartnershipThe Partnership’s investment objective is to
achieve capital appreciation and significant tax benefits for
Limited Partners by investing in a diversified portfolio of
Flow-Through Shares and other securities, if any, of Resource
Issuers.
Attractive
Tax-Reduction
BenefitsFlow-through partnerships are one of the most
effective tax reduction strategies available to Canadians. Sprott
anticipates that investors participating in the Partnership will be
eligible to receive a tax deduction of approximately 100% of the
amount invested.
Resource
ExpertiseThe Partnership will be
sub-advised by Sprott, one of Canada’s leading investment advisors
in small and mid- cap resource companies. Over its long history of
investing in the resource sector, Sprott has developed
relationships with hundreds of companies. Its 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 the Partnership and will be supported by Sprott’s
broader team of experienced resource investment professionals.
AgentsThe offering is being
made through a syndicate of agents led by RBC Dominion Securities
Inc., CIBC World Markets Inc., TD Securities Inc., National Bank
Financial Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., GMP
Securities L.P., Industrial Alliance Securities Inc., Manulife
Securities Incorporated, Raymond James Ltd., Canaccord Genuity
Corp., Desjardins Securities Inc. and Echelon Wealth Partners
Inc.
About Ninepoint Partners
LPBased in Toronto, Ninepoint Partners LP is one of
Canada’s leading alternative investment management firms overseeing
approximately $3.1 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.
Ninepoint is an operating company that has been
created to assume portfolio management of the Canadian diversified
assets of Sprott Asset Management LP, including actively managed
hedge and mutual funds.
For more information on Ninepoint Partners LP,
please visit www.ninepoint.com or for inquiries regarding the
offering, please contact us at (416) 943-6707 or (866) 299-9906 or
invest@ninepoint.com.
About Sprott Asset Management
LPSprott is an alternative asset manager and a global
leader in precious metal and real asset investments. Sprott
is a subsidiary of Sprott Inc. (the “Corporation”). Through
its subsidiaries in Canada, the US and Asia, the Corporation is
dedicated to providing investors with best-in-class investment
strategies that include Exchange Listed Products, Alternative Asset
Management and Private Resource Investments. The Corporation also
operates Merchant Banking and Brokerage businesses in both Canada
and the US. Sprott is based in Toronto with offices in New York,
Carlsbad and Vancouver and its common shares are listed on the
Toronto Stock Exchange under the symbol (TSX:SII). For more
information, please visit www.sprott.com.
Certain statements included in this news release
constitute forward-looking statements, including, but not limited
to, those identified by the expressions “expects”, “intends”,
“anticipates”, “will” and similar expressions to the extent that
they relate to the Partnership. The forward-looking statements are
not historical facts but reflect the General Partner’s, Ninepoint’s
and Sprott’s current expectations 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
General Partner, Ninepoint and Sprott believe the assumptions
inherent in the forward-looking statements are reasonable,
forward-looking statements are not guarantees of future performance
and, accordingly, readers are cautioned not to place undue reliance
on such statements due to the inherent uncertainty therein. Neither
the General Partner, nor Ninepoint or Sprott undertake any
obligation to update publicly or otherwise revise any
forward-looking statement or information whether as a result of new
information, future events or other such factors which affect this
information, except as required by law.
A preliminary prospectus containing
important information relating to these securities has been filed
with securities commissions or similar authorities in all the
provinces and territories of Canada. The preliminary prospectus is
still subject to completion or amendment. Copies of the preliminary
prospectus may be obtained from one of the dealers noted above.
There will not be any sale or any acceptance of an offer to buy the
securities until a receipt for the final prospectus has been
issued.
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