Ninepoint Flow-Through Limited Partnerships Announce Rollover Transaction and Dissolution
TORONTO, Nov. 18, 2022 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (Ninepoint) announced that Ninepoint 2021 Flow-Through Limited Partnership (the 2021 Partnership) and Ninepoint 2021 Short Duration Flow-Through Limited Partnership (the 2021-II Partnership, and together with the 2021 Partnership, the Partnerships and each a Partnership), will be proceeding with a tax-deferred transfer of the assets of the Partnerships into Ninepoint Resource Fund Class, a class of shares of Ninepoint Corporate Fund Inc., an open-ended mutual fund corporation (the Mutual Fund Rollover Transaction).
- TORONTO, Nov. 18, 2022 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (Ninepoint) announced that Ninepoint 2021 Flow-Through Limited Partnership (the 2021 Partnership) and Ninepoint 2021 Short Duration Flow-Through Limited Partnership (the 2021-II Partnership, and together with the 2021 Partnership, the Partnerships and each a Partnership), will be proceeding with a tax-deferred transfer of the assets of the Partnerships into Ninepoint Resource Fund Class, a class of shares of Ninepoint Corporate Fund Inc., an open-ended mutual fund corporation (the Mutual Fund Rollover Transaction).
- Limited partners will receive shares of Ninepoint Resource Fund Class with a value equal to the value of the units of the Partnership that they hold in exchange for such units.
- The Mutual Fund Rollover Transaction will take place on or about February 3, 2023, after the close of business.
- Ninepoint is the manager of the Partnerships and Ninepoint Resource Fund Class.