Subject: MUTUAL FUNDS
Ninepoint Partners Announces Final December 2023 Cash and Annual Notional Distributions for ETF Series Securities
TORONTO, Dec. 28, 2023 (GLOBE NEWSWIRE) -- Ninepoint Partners LP ("Ninepoint Partners") today announced the final December 2023 cash and annual notional capital gains distributions for its ETF Series securities. The record date for the distributions is December 28, 2023 for Ninepoint High Interest Savings Fund and December 29, 2023 for Ninepoint Alternative Credit Opportunities Fund, Ninepoint Energy Fund, Ninepoint Energy Income Fund , Ninepoint Diversified Bond Fund and Ninepoint Target Income Fund. All distributions are payable on January 8, 2024.
For the annual notional capital gains distributions, these will be reinvested in additional units of the respective ETF Series securities and do not include any cash distribution amounts for December. The additional units will be immediately consolidated so that the number of units outstanding following the distribution will equal the number of units outstanding before the distribution.
The actual taxable amounts of distributions for 2023, including the tax characteristics of the distributions, will be reported to CDS Clearing and Depository Services Inc. in early 2024. Securityholders can contact their brokerage firm for this information.
The per-unit final December distributions are detailed below:
| Ninepoint ETF Series | Ticker | Cash Distribution per unit | Notional Capital Gains Distribution per unit | CUSIP | ||
| Ninepoint High Interest Savings Fund | NSAV | $ | 0.20005 | $ | 0.00000 | 65443X105 |
| Ninepoint Alternative Credit Opportunities Fund | NACO | $ | 0.13875 | $ | 0.00000 | 65443Q100 |
| Ninepoint Diversified Bond Fund | NBND | $ | 0.06119 | $ | 0.00000 | 65443H100 |
| Ninepoint Energy Fund | NNRG | $ | 0.16491 | $ | 0.47274 | 65443T203 |
| NNRG.U | US$0.12506 | US$0.35850 | 65443T302 | |||
| Ninepoint Energy Income Fund | NRGI | $ | 0.12045 | $ | 0.00000 | 65444A104 |
| Ninepoint Target Income Fund | TIF | $ | 0.10007 | $ | 0.05280 | 65446C108 |
About Ninepoint Partners
Based in Toronto, Ninepoint Partners LP is one of Canada's leading alternative investment management firms overseeing approximately $7.8 billion in assets under management and institutional contracts. 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 spanning Equities, Fixed Income, Alternative Income, Real Assets, F/X and Digital Assets.
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 [email protected].
Ninepoint Partners LP is the investment manager to the Ninepoint Funds (collectively, the "Funds"). Commissions, trailing commissions, management fees, performance fees (if any), and other expenses all may be associated with investing in the Funds. Please read the prospectus carefully before investing. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation.
Prospective investors who are not resident in Canada should contact their financial advisor to determine whether securities of the Fund may be lawfully sold in their jurisdiction.
Please note that distribution factors (breakdown between income, capital gains and return of capital) can only be calculated when a fund has reached its year-end. Distribution information should not be relied upon for income tax reporting purposes as this is only a component of total distributions for the year. For accurate distribution amounts for the purpose of filing an income tax return, please refer to the appropriate T3/T5 slips for that particular taxation year. Please refer to the prospectus or offering memorandum of each Fund for details of the Fund's distribution policy.
The payment of distributions and distribution breakdown, if applicable, is not guaranteed and may fluctuate. The payment of distributions should not be confused with a Fund's performance, rate of return, or yield. If distributions paid by the Fund are greater than the performance of the Fund, then an investor's original investment will shrink. Distributions paid as a result of capital gains realized by a Fund and income and dividends earned by a Fund are taxable in the year they are paid. An investor's adjusted cost base will be reduced by the amount of any returns of capital. If an investor's adjusted cost base goes below zero, then capital gains tax will have to be paid on the amount below zero.
Sales Inquiries:
Ninepoint Partners LP
Neil Ross
416-945-6227
[email protected]
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