Ninepoint Energy Opportunities Trust and Ninepoint Energy Fund Announce Completion of Merger
Not for distribution to U.S. newswire services or for dissemination in the United States.
TORONTO, Nov. 30, 2018 (GLOBE NEWSWIRE) — Ninepoint Partners LP (“Ninepoint”), the manager of Ninepoint Energy Opportunities Trust (TSX: NRGY.UN) and Ninepoint Energy Fund, is pleased to announce that the previously announced merger (the “Merger”) of Ninepoint Energy Opportunities Trust and Ninepoint Energy Fund is complete.
Pursuant to the Merger, each unitholder of Ninepoint Energy Opportunities Trust received approximately 0.4468 Series F units of Ninepoint Energy Fund for each trust unit of Ninepoint Energy Opportunities Trust held. A total of 1,581,301 Series F units were issued by Ninepoint Energy Fund in connection with the Merger. The exchange ratio for the units was calculated based on the relative net asset value of the units of Ninepoint Energy Fund and of Ninepoint Energy Opportunities Trust as at the close of trading on November 29, 2018.
Ninepoint Energy Fund has acquired all of the assets of Ninepoint Energy Opportunities Trust.
In anticipation of the completion of the Merger, the trust units of Ninepoint Energy Opportunities Trust were de-listed from the Toronto Stock Exchange at the close of business on November 22, 2018.
About Ninepoint Partners LP
Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $2.5 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.
Ninepoint is an operating company that has been created to assume portfolio management of the Canadian diversified assets of Sprott Asset Management LP, including actively managed hedge and mutual funds.
For more information on Ninepoint Partners LP, please visit www.ninepoint.com or inquiries regarding Ninepoint Energy Opportunities Trust or Ninepoint Energy Fund, please contact us at (416) 943-6707 or (866) 299-9906 or firstname.lastname@example.org.