Ninepoint Partners Announces Voting Results for Proposed Restructuring of Private Debt Funds

Ninepoint LP Partners

TORONTO, June 16, 2022 (GLOBE NEWSWIRE) — Ninepoint Partners LP (Ninepoint Partners) today announces unitholder approval to restructure Ninepoint Canadian Senior Debt Fund, Ninepoint Monroe U.S. Private Debt Fund and Ninepoint Monroe U.S. Private Debt Fund – Hedged to Canadian Dollars, (each, a Funds).

“Over the past few months, we have been actively working with our unitholders, financial advisors and dealer networks to address the circumstances that gave rise to the pause in redemptions and to consider how we could improve the structures of our investment funds. private debt to the benefit of long-term holders as we move forward,” said John Wilson, Co-CEO, Managing Partner and Principal Portfolio Manager, Ninepoint Partners. “Informed by these consultations, we are pleased that unitholders have approved the proposed changes which we believe improve the overall structure of each Fund. The new liquidity and redemption provisions bring our structures more in line with other private credit vehicles offered by leading global alternative asset managers.

Voting on the following matters took place at special meetings of the Funds held virtually at adjourned special meetings on June 15, 2022. Voting was permitted by internet, telephone, mail, email or proxy. The results of the securityholder votes are shown below.

Funds

Question put to the vote

Results

Ninepoint Canadian Senior Debt Fund

Authorize amendments to the Declaration of Trust to provide, among other things, for the modification of certain redemption features of the units of the Fund.

Approved

Ninepoint Monroe US Private Debt Fund

Authorize amendments to the Declaration of Trust to provide, among other things, for the modification of certain redemption features of the units of the Fund.

Approved

Monroe Ninepoint U.S. Private Debt Fund – CAD Hedged

Authorize amendments to the Declaration of Trust to provide, among other things, for the modification of certain redemption features of the units of the Fund.

Approved

Redemption requests were halted in these funds at the end of February 2022 due to rumors and misinformation which led to a spike in redemption requests. In accordance with the offering memoranda, the decision to suspend redemptions in the funds was made in order to preserve the integrity of the investments for the benefit of all unitholders who did not wish to sell faster than the intended investment strategies. It was not linked to the quality or performance of the Fund’s portfolios. The funds performed well and demonstrated the value of the asset class this year.

After receiving the required securityholder approval of each Fund, the Funds are expected to reopen on June 30, 2022.

About Ninepoint Partners

Toronto-based Ninepoint Partners is one of Canada’s leading alternative investment management firms, overseeing $8 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that can enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies covering equities, fixed income, alternative income, real assets, currencies and digital assets.

For more information about Ninepoint, please visit www.ninepoint.com or for questions regarding the Offer, please contact us at (416) 943-6707 or (866) 299-9906 or [email protected]

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