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Ninepoint Partners LP Announces Risk Rating and Incentive Fee Changes

TORONTO, April 24, 2019 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (Ninepoint Partners) today announced the following changes.

Risk Rating Change

Effective April 17, 2019, the risk rating changed for certain funds. The Manager determines the risk rating for the funds in accordance with the methodology required by the Canadian securities regulators. As a result of its annual review of the investment risk level of the funds, the Manager has determined the risk ratings for the following funds changed as follows:

Fund Current Risk Rating New Risk Rating
Ninepoint International Small Cap Fund Medium to High Medium
Ninepoint Concentrated Canadian Equity Fund Medium Low to Medium
Ninepoint Enhanced U.S. Equity Class Low to Medium Medium
Ninepoint Focused Global Dividend Class Medium Low to Medium
Ninepoint Global Real Estate Fund Medium to High Medium

These changes will be reflected in the funds’ simplified prospectus and the applicable fund facts, which will be filed with Canadian securities regulators in connection with the funds’ 2019 annual renewal.

There are no changes to the investment objectives or strategies of these funds.

Removal of Incentive Fees

Effective April 26, 2019, the annual incentive fee payable by Ninepoint Enhanced Equity Class and Ninepoint Enhanced U.S. Equity Class to Ninepoint Partners upon the achievement of certain performance targets will be eliminated.

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  

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