Ninepoint Partners LP Announces Incentive Fee and Risk Rating Changes and New Series PTF


TORONTO, Oct. 01, 2018 (GLOBE NEWSWIRE) -- 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.

Name Change

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.

For more information on Ninepoint Partners LP, please visit www.ninepoint.com or please contact us at (416) 943-6707 or (866) 299-9906 or invest@ninepoint.com.

Forward-Looking Statements

This press release contains “forward-looking information” within the meaning of applicable securities laws. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Ninepoint Partners LP to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and Ninepoint Partners LP disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Ninepoint Partners LP undertakes no obligation to update forward-looking statements if circumstances, management’s estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. Such risks and uncertainties include receiving requisite regulatory approval for the launch of the new PTF series.

Sales Inquiries:
Ninepoint Partners LP
Neil Ross
416-945-6227
nross@ninepoint.com 

Media Inquiries:
Goldman Communications Inc.
Corey Goldman
416-322-2863
corey@goldman-communications.com  
www.goldman-communications.com