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TORONTO, May 11, 2026 (GLOBE NEWSWIRE) — Ninepoint Partners LP (Ninepoint Partners) announced today that, subject to unitholder approval, it proposes to change the investment objectives (the IO Changes) of Ninepoint Cannabis & Alternative Health Fund and Ninepoint Risk Advantaged U.S. Equity Index Fund (each, a Fund and together, the Funds).
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Ninepoint Partners proposes to change the investment objective of Ninepoint Cannabis & Alternative Health Fund to provide securityholders with high monthly cash distributions and the opportunity for capital appreciation by primarily investing in a portfolio of exchange traded mutual funds managed by Ninepoint Partners that (i) invest in single equity securities, and (ii) engage in covered call strategies. If the change is approved by unitholders, it is anticipated that:
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- the name of the Fund will change to Ninepoint Enhanced Canadian HighShares Fund;
- the investment strategies of the Fund will be adjusted to implement the new investment objective;
- Faircourt Asset Management Inc. will no longer be the sub-adviser of the Fund;
- the risk rating of the Fund will change from High to Medium; and
- the management fees will be reduced as follows:
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| Current Management Fees | Proposed Management Fees |
| Series A: 2.25% Series F: 1.25% Series I: Negotiated by the securityholder (up to a maximum of 2.25%) Series D: 1.25% | Series A: 1.30% Series F: 0.30% Series I: Negotiated by the securityholder (up to a maximum of 1.30%) Series D: 0.30% |
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Ninepoint Partners proposes to change the investment objective of Ninepoint Risk Advantaged U.S. Equity Index Fund to provide unitholders with income and long-term capital appreciation primarily by writing put options on equity securities, indexes and exchange traded funds to collect premiums, investing directly in equity securities and/or exchange traded funds and writing call options on these securities. If the change is approved by unitholders, it is anticipated that:
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- the name of the Fund will change to Ninepoint Global Premium Yield Fund; and
- the investment strategies of the Fund will be adjusted to implement the new investment objective.
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Ninepoint Partners will seek the approval of unitholders of the Funds in respect of the proposed IO Changes at special meetings to be held concurrently on or about June 29, 2026. Details of the IO Changes will be sent to investors in the Funds who are entitled to vote. If the requisite approval is obtained, it is expected that the changes will be implemented effective after the meeting on or about July 6, 2026.
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About Ninepoint Partners LP
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Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $8 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. Ninepoint Digital Asset Group is a division of Ninepoint.
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