Ninepoint 2020 Short Duration Flow-Through Limited Partnership Announces Rollover Transaction and Dissolution
TORONTO, Dec. 09, 2021 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (Ninepoint) announced that Ninepoint 2020 Short Duration Flow-Through Limited Partnership (the Partnership), managed by Ninepoint, will be proceeding with a tax-deferred transfer of the assets of the Partnership into Ninepoint Resource Fund Class, a class of shares of Ninepoint Corporate Fund Inc., an open-ended mutual fund corporation (the Mutual Fund Rollover Transactions).
- TORONTO, Dec. 09, 2021 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (Ninepoint) announced that Ninepoint 2020 Short Duration Flow-Through Limited Partnership (the Partnership), managed by Ninepoint, will be proceeding with a tax-deferred transfer of the assets of the Partnership into Ninepoint Resource Fund Class, a class of shares of Ninepoint Corporate Fund Inc., an open-ended mutual fund corporation (the Mutual Fund Rollover Transactions).
- In exchange for the assets of the Partnership, Ninepoint Resource Fund Class will issue Series A and Series F shares to the Partnership, which will be distributed to limited partners of the Partnership in exchange for their Class A and Class F limited partnership units of the Partnership.
- 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.
- Ninepoint is the manager of the Partnership and Ninepoint Resource Fund Class.