Ninepoint Partners Reveals November Cash Distribution Plans

Ninepoint Partners Announces Estimated Cash Distributions

In a recent communication, Ninepoint Partners LP has shared information about its anticipated cash distributions for November 2024 related to the ETF Series of the Ninepoint Cash Management Fund. Investors are eagerly awaiting the official announcement expected around the end of November 2024, where the final distribution rate will be disclosed. Notably, the record date for these distributions is set for November 29, 2024, with payments scheduled for December 6, 2024.

Understanding Distribution Estimates

This initial estimate reflects the accounting data available as of November 22, 2024. Investors should be aware that due to various factors such as subscriptions, redemptions, and market conditions, the final distribution amount announced may vary substantially. The information serves as a preliminary guide, and it is crucial to verify against official client statements when preparing for any tax obligations that may arise.

Distribution Details for Investors

Investors interested in specific details regarding their distributions can expect to receive comprehensive reports early in the following year. These reports will inform them of the actual taxable amounts associated with their distributions, including their tax characteristics. Securityholders are encouraged to reach out to their respective brokerage firms for precise information.

Estimated November Distribution Breakdown

The estimated cash distribution per unit for the ETF Series of the Ninepoint Cash Management Fund is outlined in the table below. This information is pivotal for investors evaluating their anticipated returns:

Ninepoint ETF Series
Ticker: NSAV
Estimated Cash Distribution: $0.15196 per unit

About Ninepoint Partners LP

Headquartered in Toronto, Ninepoint Partners LP stands out as one of Canada's foremost alternative investment management firms. With around $7 billion in assets under management, the firm specializes in offering diverse and innovative investment strategies aimed at enhancing returns while managing portfolio risks effectively. Their approach integrates various alternative strategies, including those focused on income generation and real asset investment opportunities.

Commitment to Investors

Ninepoint Partners is dedicated to equipping investors with unique solutions tailored to meet their financial goals. By providing a well-rounded array of alternative strategies alongside access to North American and global equities, the firm positions itself as a valuable partner in navigating today’s investment landscape.

Contact Information

For further inquiries about Ninepoint Partners LP, potential investors can visit their website or reach out directly. Telephone contacts are: 416.362.7172 or 1.888.362.7172. Email inquiries can be directed to invest@ninepoint.com.

Investment Considerations

While exploring investment opportunities with Ninepoint Partners, it is important to understand that various fees and expenses are associated with participating in the Funds. Investors should carefully review the prospectus before committing to any investment. Being informed about the regulatory environment, especially for non-residents, remains crucial in the investment decision-making process.

Preparing for Distribution Calculations

Distribution factors including income breakdowns and capital gains are assessed during the year-end review. Consequently, these calculations result in accurate distribution information essential for tax reporting. However, investors should refrain from relying solely on preliminary estimates provided throughout the year for tax purposes.

Frequently Asked Questions

What are the estimated cash distributions for November 2024?

The estimated cash distribution per unit for the Ninepoint Cash Management Fund is $0.15196.

When will the final distribution rate be announced?

The final distribution rate is expected to be announced around November 28, 2024.

How can investors get detailed distribution reports?

Investors can expect detailed reports early in the following year, which will outline actual taxable amounts related to distributions.

Who should I contact for more information about Ninepoint Partners?

For inquiries, contact Ninepoint Partners at 416.362.7172 or email invest@ninepoint.com.

What should I consider before investing in Ninepoint Funds?

Be aware of the associated fees, read the prospectus carefully, and seek advice from financial advisors regarding legalities in your jurisdiction.

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