TORONTO, Feb. 08, 2023 (GLOBE NEWSWIRE) — Ninepoint 2021 Short Duration Flow-Through Limited Partnership (the “partnership“), announced today that it has completed the tax-advantaged transfer of the partnership’s assets (the “Mutual fund rollover transaction“) into the Ninepoint Resource Fund class (the “resource class“) from Ninepoint Corporate Fund Inc., as discussed in the partnership’s press release dated November 18, 2022.

1,184,854 Series A Resource Class shares were issued at their net asset value of $7.129083 per share. The final Net Asset Value per Class A Share of the Partnership for purposes of the mutual fund rollover transaction was $12.085906 per share of the Partnership. Accordingly, each holder of Class A partnership shares will receive 1.695296 Series A Resource Class shares for each Partnership Class A share held Series A resource class was $2.66784 per share.

524,045 Series F Resource Class shares were issued at their net asset value of $7.207616 per share. The final Net Asset Value per Class F Share of the Partnership for purposes of the mutual fund rollover transaction was $12.544699 per share of the Partnership. Accordingly, each Class F Partnership Shareholder will receive 1.740478 Series F Resource Class Shares for each Partnership Class F Share held. The Adjusted Expense Base for each Partnership Class F unit was $5.37766 per unit of the partnership and the Adjusted Expense Base for each allocated Series F resource class stock was $3.08976 per share.

For investors seeking another tax-advantaged investment, Ninepoint Partners LP has filed and received receipt for a definitive prospectus dated January 30, 2023 offering limited interests in a new flow-through limited partnership, Ninepoint 2023 Flow-Through Limited Partnership. The prospectus contains important detailed information on the securities offered….