Ninepoint Partners LP Announces Fund Merger
2024年7月6日 - 1:29AM
Ninepoint Partners LP (
Ninepoint Partners)
announced today a proposal to merge (the
Merger)
Ninepoint Global Real Estate Fund (the
Terminating
Fund) into Ninepoint Global Infrastructure Fund (the
Continuing Fund). The Terminating Fund will cease
to be available for sale effective immediately. Following the
Merger, pre-authorized purchase plans established for purchases of
units of the Terminating Fund will be immediately transferred to
the equivalent series of units of the Continuing Fund. Through the
Merger, holders of units of each series of the Terminating Fund
will receive units of the same series of the Continuing Fund
(except for Series T unitholders of the Terminating Fund, who will
receive Series A units of the Continuing Fund) determined on a
dollar-for-dollar basis. The Independent Review Committee has
reviewed the potential conflict of interest matters related to the
Merger and has provided Ninepoint Partners with a positive
recommendation having determined that the Merger, if implemented,
will achieve a fair and reasonable result for each of the
Terminating Fund and Continuing Fund.
Ninepoint Partners will seek approval for the
Merger from unitholders of the Terminating Fund at a special
meeting to be held on or about September 18, 2024. Next month,
further details of the Merger will be sent to investors in the
Terminating Fund who are entitled to vote. If the required approval
from the unitholders are obtained, the Merger will be effective on
or about October 4, 2024. As soon as practicable following the
Merger, the Terminating Fund will be wound up.
About Ninepoint Partners
Based in Toronto, Ninepoint Partners LP is one
of Canada’s leading alternative investment management firms
overseeing approximately $7 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
invest@ninepoint.com.
Sales Inquiries:Ninepoint
Partners LPNeil Ross416-945-6227nross@ninepoint.com
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