Sprott 2017-II Flow-Through Limited Partnership Announces Rollover and Dissolution
TORONTO, Nov. 26, 2018 (GLOBE NEWSWIRE) — Sprott 2017-II Flow-Through Limited Partnership (the “Partnership”), managed by Ninepoint Partners LP, announced that it will be proceeding with the tax-deferred transfer of the assets of the Partnership (the “Mutual Fund Rollover Transaction”) into Ninepoint Resource Class of Ninepoint Corporate Class Inc. The transaction will take place on or about February 4, 2019 after the close of business. In exchange for the assets, Series F shares of Ninepoint Resource Class will be issued to the Partnership and then distributed to individual limited partners on a dollar equivalent basis. The Partnership will be dissolved on or about February 6, 2019.
Ninepoint Resource Class’ investment objective is to seek to achieve long-term capital growth by investing primarily in equity and equity-related securities of companies in Canada and around the world that are involved directly or indirectly in the natural resource sector. Sprott Asset Management LP, is the sub-advisor to the Ninepoint Resource Class. Resource specialist Jason Mayer is the lead portfolio manager on the Fund.
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.
For more information on Ninepoint Partners LP, please visit www.ninepoint.com or inquiries regarding the rollover or Ninepoint Resource Class, please contact us at (416) 943-6707 or (866) 299-9906 or firstname.lastname@example.org.
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