TORONTO, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (Ninepoint Partners), the manager of Ninepoint Gold and Precious Minerals Fund, Ninepoint Resource Fund, and Ninepoint Resource Fund Class (the Funds and each, a Fund), announced today that the Funds will no longer have a sub-advisor effective on or about January 23, 2025 to install a more integrated approach to portfolio management of each respective Fund.
Effective on or around January 23, 2025, Sprott Asset Management LP (SAM) will no longer act as the sub-advisor for the Funds. Following this change, Ninepoint Partners, the current portfolio manager, will become the sole investment advisor for each Fund. Ninepoint Partners will appoint John Wilson and Jeff Sayer to lead the investment decision-making process for each Fund, and anticipates adding members to its precious metals and resource investment team with deep industry experience prior to the specified date.
Each Fund’s investment objective remains unchanged.
Ninepoint Gold and Precious Minerals Fund will continue to invest primarily in gold, gold certificates, precious metals and minerals, the certificates relating to such metals and minerals and/or in equity securities of companies that are directly or indirectly involved in the exploration, mining, production or distribution of gold and precious metals and minerals.
Ninepoint Resource Fund and Ninepoint Resource Fund Class will continue to invest primarily in equity and equity-related securities of companies in Canada and around the world that are involved directly or indirectly in the natural resources sector.
About Ninepoint Partners LP
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 please contact us at (416) 943-6707 or (866) 299-9906 or invest@ninepoint.com.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the Prospectus before investing. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that a Fund will be able to maintain its NAV per security at a constant amount or that the full amount of your investment in a Fund will be returned to you. Past performance may not be repeated.
Forward-Looking Statements
This press release contains “forward-looking information” within the meaning of applicable securities laws in Canada (“forward-looking statements”). 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.
Sales Inquiries:
Ninepoint Partners LP
Neil Ross
416-945-6227
nross@ninepoint.com
