The partnership will invest in a diversified portfolio of flow-through shares and any other securities of resource issuers
Ninepoint Partners has announced the filing of a preliminary prospectus for units of the Ninepoint 2018-II Flow-Through Limited Partnership. Securities regulatory authorities in each of the Canadian provinces and territories have all issued receipts for the preliminary prospectus.
The partnership aims to achieve capital appreciation and significant tax benefits for limited partners through investments in a diversified portfolio of flow-through shares and other securities of resource issuers. The portfolio will be sub-advised by Sprott Asset Management and run by Senior Portfolio Manager Jason Mayer, who also manages the Ninepoint Resource Class and the Ninepoint Gold & Precious Minerals Fund.
Sprott anticipates that participating investors will be eligible to receive a tax deduction of approximately 100% of the amount invested. Units of the partnership are being offered for $25 per unit, with a minimum subscription of 100 units. The partnership intends to provide liquidity to limited partners via a rollover to the Ninepoint Resource Class prior to February 28, 2020.
The offering is being made through a syndicate of agents led by RBC Capital Markets. The syndicate also includes:
- TD Securities;
- Scotia Capital;
- BMO Capital Markets;
- National Bank Financial;
- GMP Securities;
- Manulife Securities;
- Raymond James;
- Canaccord Genuity;
- Desjardins Securities;
- Echelon Wealth Partners; and
- Industrial Alliance Securities