Ninepoint Partners Announces Estimated May 2025 Cash Distributions for Ninepoint Cash Management Fund
TORONTO, May 23, 2025 (GLOBE NEWSWIRE) -- Ninepoint Partners LP ('Ninepoint Partners') today announced the estimated May 2025 cash distribution for the ETF Series of Ninepoint Cash Management Fund (the 'Fund'). Ninepoint Partners expects to issue a press release on or about May 29, 2025, which will provide the final distribution rate. The record date for the cash distribution is May 30, 2025, payable on June 6, 2025.
All estimates in this document are based on the accounting data as of May 22, 2025. Due to subscriptions and/or redemptions and/or other factors, the final May 2025 distribution may differ from these estimates and the difference could be material. The information included in this letter is for reference purposes only. Please reconcile all information against your official client statements. This is not intended to be a statement for official tax reporting purposes or any form of tax advice.
The actual taxable amounts of distributions for 2025, including the tax characteristics of the distributions, will be reported to CDS Clearing and Depository Services Inc. in early 2026. Securityholders can contact their brokerage firm for this information.
The per-unit estimated May 2025 distribution is detailed below:
About Ninepoint Partners
Based in Toronto, Ninepoint Partners LP is one of Canada's leading alternative investment management firms overseeing approximately $7 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.
For more information on Ninepoint Partners LP, please visit www.ninepoint.com or for inquiries regarding the offering, please contact us at (416) 943-6707 or (866) 299-9906 or invest@ninepoint.com.
Ninepoint Partners LP is the investment manager to the Ninepoint Funds (collectively, the 'Funds'). Commissions, trailing commissions, management fees, performance fees (if any), and other expenses all may be associated with investing in the Funds. Please read the prospectus carefully before investing. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Canada should contact their financial advisor to determine whether securities of the Fund may be lawfully sold in their jurisdiction.
Please note that distribution factors (breakdown between income, capital gains and return of capital) can only be calculated when a fund has reached its year-end. Distribution information should not be relied upon for income tax reporting purposes as this is only a component of total distributions for the year. For accurate distribution amounts for the purpose of filing an income tax return, please refer to the appropriate T3/T5 slips for that particular taxation year. Please refer to the prospectus or offering memorandum of each Fund for details of the Fund's distribution policy.
The payment of distributions and distribution breakdown, if applicable, is not guaranteed and may fluctuate. The payment of distributions should not be confused with a Fund's performance, rate of return, or yield. If distributions paid by the Fund are greater than the performance of the Fund, then an investor's original investment will shrink. Distributions paid as a result of capital gains realized by a Fund and income and dividends earned by a Fund are taxable in the year they are paid. An investor's adjusted cost base will be reduced by the amount of any returns of capital. If an investor's adjusted cost base goes below zero, then capital gains tax will have to be paid on the amount below zero.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
32 minutes ago
- Globe and Mail
Canada has an opportunity to reset our relationship with China – and, in a rare twist, on our terms
L. Philippe Rheault is a lawyer and former Canadian diplomat, and the director of the University of Alberta's China Institute, Canada's largest research and policy institute dedicated to China issues. Canada finds itself in a particularly vulnerable position on the world stage. It is more reliant than most countries on international trade for its prosperity – and a large share of that trade, not to mention its security arrangements, is tied to an increasingly unreliable United States, led by a President who seems intent on upending the postwar international order. But it is not the only country reeling from the recent episodes of trade-policy vaudeville emanating from Washington. China is another. Despite putting on a brave face and having made herculean efforts in recent years to reduce commercial reliance on the U.S., China remains severely buffeted by U.S. trade actions. This comes as China's economy already faces lingering headwinds: weak consumer demand, a property slump, overreliance on investment and exports, and the difficulty of pursuing deeper structural reforms. Given all of these challenges, U.S. uncertainty and higher tariffs on manufacturing and exports represent an added strain that Beijing would rather avoid. Its three-month relative tariff truce with Washington belies the continued underlying tensions and protracted challenges China anticipates in its relationship with America going forward. Predictably, China has responded to U.S. actions by seeking to deepen trade ties elsewhere. Already the world's largest trading nation – and the largest trading partner for most countries, including much of Latin America – it has many places to turn to as it works to continue diversifying its trade portfolio. But China's courting of other countries is not only defensive. Beijing also sees opportunity in Washington's current 'everywhere-all-at-once' approach to trade and foreign policy. Whatever one may think of Donald Trump's methods, one thing that does appear certain is that he is serving as a historical accelerant: compelling almost every country, often reluctantly, to reassess its relationship with America and urgently consider new arrangements as a hedge against continued U.S. unpredictability. Aware of this trend, China's diplomats have adopted – somewhat awkwardly but nonetheless emphatically – a more mellifluous tone, working to pull erstwhile U.S. allies and partners further from Washington's orbit. The tone and approach vary by country and circumstance, but recent pronouncements by China's ambassador to Canada, Wang Di, leave little doubt that he too has received similar instructions. Therein lies the opportunity for Canada. We are currently witnessing a moment in time in which China is more willing to engage with Canada than Canada is with it – a divergence from the normal pattern of recent decades. With much scar tissue left to heal from the saga involving Huawei CFO Meng Wanzhou and the detention of Canadians Michael Kovrig and Michael Spavor, as well as concerns about foreign interference and persistent bilateral irritants such as trade restrictions on canola, Canadians and their government are now viewing China with a more exacting vigilance. For many Canadians, taking a second look at China would likely not be a particularly enticing priority in the absence of recent provocation from Washington. The Decibel podcast: How Canadian businesses are getting caught up in U.S. tariffs on China But that is precisely why China's overtures should be seized upon by Canada as an opportunity to examine gradual re-engagement, on terms that reflect Canadian interests, objectives and potential vulnerabilities. Laying out a comprehensive approach grounded in such principles will require serious and previously neglected domestic homework on the part of the new Carney government – clearly articulating proposed areas of engagement that enhance Canadian prosperity, increase diplomatic leverage by aligning exports to areas of critical Chinese need, and help build Canadian resilience and optionality vis-à-vis the U.S. This would signal a clear departure from the 'engagement for engagement's sake' posture of yesteryear, and could form the guiding axiom of Canadian policy toward China going forward. In line with this thinking, two areas that emerge as clear priority sectors for immediate attention already stand out: energy and agri-food. As a country with critical demand, security and diversification concerns of its own, China will be receptive to proposals for deepened relationships in these areas. Just one year into the expanded Trans Mountain pipeline's operations – and in defiance of many expert predictions – data show China emerging as an avid customer for Canadian energy that reaches Pacific tidewater, willing to pay a significant premium over what the same energy currently fetches in the United States. Similarly, Beijing's strong interest in the soon-to-launch LNG Canada project in Kitimat, B.C., further underscores its desire to diversify and bolster Chinese energy security. The strategic value of this development should not be underestimated: expanded Canadian energy exports could significantly enhance Canada's leverage in the bilateral relationship, potentially allowing us to avoid – or more effectively resolve – future disputes. As a major added benefit, increased diplomatic relevance through energy trade would extend beyond China to Canada's broader network of relationships across the Indo-Pacific. This increased influence should be a central consideration as Canada revisits both the economic and strategic rationale for developing new pipeline and export infrastructure. As the U.S. trade war escalates, LNG Canada is poised to start exports to Asia When it comes to agri-food, despite Beijing's tendency in recent years to target canola or seafood in retaliatory trade actions – or, perhaps more aptly, because of this tendency – Canada should move to seek structured engagement. This could take the form of sectoral trade talks that aim to provide a more predictable framework for agricultural trade. By no means would this make Canada bulletproof against all risk of future coercion or retaliation, but successful negotiations would nevertheless provide an important extra layer of predictability and security to one of Canada's largest and most profitable exports. Given the critical importance of food security to China, we may be surprised how receptive Beijing could be to a potential framework deal with Canada – one that would help diversify its supply base and foster a more predictable relationship with a reliable partner. Myriad other areas will also merit careful attention, such as establishing a clearer investment regime around foreign direct investment, to name only one issue. Clearer guidance would help ensure that sensitive sectors remain off-limits, but that capital aligned with Canada's needs is not deterred by regulatory ambiguity. Likewise, emerging opportunities in critical minerals, green technology and Canadian services exports – where Canadian capabilities and Chinese demand or interests potentially intersect – should not be overlooked. To be clear, this is not a panda-hugging exercise. None of the above precludes working with like-minded partners to strengthen the rules-based international order or, to the extent possible, existing multilateral institutions. Nor does it obviate the need to remain vigilant and push back against egregious Chinese conduct. But the point bears emphasizing: Canada's increased relevance as an important supplier of things China critically needs will enhance its diplomatic standing and traction not just with Beijing, but across diplomatic channels more broadly – providing a welcome fillip to the government's continuing Indo-Pacific strategy. As it moves ahead with this approach, Ottawa will also need to remain acutely aware of how its actions are perceived in Washington. Despite Mr. Trump's continued truculence, the United States remains our primary security partner and top export market – a destination for 20 times more exports than No. 2 customer China – and so almost every major Canadian foreign policy move in these volatile times must include a U.S. calculus. But while Mr. Trump has included several China hawks in his administration, he appears to be more transactional than ideological; his reprieve on Chinese tariffs, among other actions, suggest that he may not be aiming for a full decoupling from China. Canada, therefore, must also prepare for the possibility of a sudden U.S.-China deal that would pay little heed to Canadian interests – leaving Canada adrift between the Scylla of American unpredictability and the Charybdis of Chinese detachment, with few safe harbours in sight. This is not the first time Canada has looked to China to diversify from U.S. overdependence. As recently as 2017, the Trudeau government explored free trade talks with China as a potential hedge during Mr. Trump's first term. The difference eight years later is that Beijing is eager, while Canada now has an opportunity to consider re-engagement on its own, principled terms, focused on Canada's prosperity, resilience, optionality and enhanced diplomatic relevance. Canada faces generational geopolitical challenges, and diplomacy alone will not be a panacea. But a new approach may have the potential to transform some challenges into opportunities, leaving Canada on firmer ground as it responds to continued global change.
Globe and Mail
32 minutes ago
- Globe and Mail
Keynote address from OPEC head to kick off Global Energy Show in Calgary
More than 30,000 people from 100 countries are expected to descend on the white-collar heart of Canada's oil patch next week for the Global Energy Show, which is to kick off with a keynote address from the head of the Organization of the Petroleum Exporting Countries. OPEC secretary-general Haitham al-Ghais is set to deliver remarks on Tuesday morning, as recent output increases from his group's members and other producers have put pressure on global crude prices. Among the other speakers are 20 chief executives from major Canadian and international energy companies and several political leaders, including Alberta Premier Danielle Smith. Energy show organizers say Calgary is expecting a 30-per-cent increase in hotel bookings for the conference and trade show, and that exhibition space has been increased by one fifth year-over year. Nick Samain, senior vice-president at DMG Events, said as of two weeks before the event, pre-registrations were 78 per cent higher than last year. Oil prices headed for rebound this week as Trump and Xi resume trade talks He says the show is seeing a big turnaround since the oil bust of 2015 and the COVID-19 pandemic. 'There's a sense of optimism that the show really hasn't had in a long time,' Samain said in an interview. 'Operationally, we've been going crazy to make sure we've got enough room for everybody.' The exhibition hall in the newly refurbished BMO Centre on the Calgary Stampede grounds is to feature a record 11 country pavilions and 500 company booths. The event was called the Global Petroleum Show until 2020, when it was rebranded to highlight the growing number of non-oil-and-gas participants in the energy space, such as nuclear and renewables firms. Samain said at the trade show, oil and gas makes up about 70 per cent of exhibitors, with other forms of energy making up the rest. The conference comes as U.S. President Donald Trump's tariff war throws global trade into disarray, raising the prospect of a global downturn that could dampen energy demand. The trade strife has driven calls for Canada to diversify its export markets for its energy products beyond its biggest customer, the United States, and remove some of the logjams that have prevented infrastructure from being built over the past several years. Prime Minister Mark Carney has promised to speed up and simplify the regulatory process for projects deemed in the national interest. Samain said the show is an opportunity for people to hash out competing views about Canada's energy future. 'We're just big proponents of people meeting face to face,' he said. 'We find when people get together at an event like this, it really does [give] the opportunity for people maybe to see a different perspective.' A week after the Global Energy Show, another major event drawing dignitaries from abroad is to take place in a popular recreation area in the Rocky Mountains an hour west of Calgary. Canada is to host leaders from the United States, France, Germany, Japan, the United Kingdom, Italy and the European Union at the G7 summit from June 15 to 17 in Kananaskis.
Globe and Mail
35 minutes ago
- Globe and Mail
Olympic skier Lindsey Vonn joins advisory board of women-led Athena Capital
One of the most decorated athletes in Olympic history is bringing her focus on female representation to venture capital. Skier Lindsey Vonn has joined the advisory board of New York-based Athena Capital, a venture capital firm focused on growth-stage, technology-focused companies nearing public or private exits. The firm, which is set to announce the appointment on Friday, manages about US$6-billion and is composed entirely of women across its general partnership and advisory council. Ms. Vonn is one of the most successful alpine skiers in history, winning three Olympic medals – including gold in the downhill at the 2010 Vancouver Games – along with 82 World Cup race victories and four overall World Cup titles. She retired in 2019 with the most World Cup wins by any woman at the time. The racing legend adds profile to a sector where women remain underrepresented in both capital allocation and leadership roles. Globally, startups founded solely by women received 2.1 per cent of venture capital funding in 2023, according to a study published last month by the Founders Forum Group. In the U.S., companies with at least one female founder secured 25 per cent of venture funding, but those led exclusively by women captured just 3 per cent. A 2024 report by the Women Entrepreneurship Knowledge Hub estimates that women-led startups in Canada received about 4 per cent of venture capital funding in 2023. Athena's general partnership and advisory council comprise more than 45 women with backgrounds in growth-stage investing, company building, and executive leadership. Ms. Vonn, who has held corporate board roles and completed a venture capital internship, will advise Athena on investor outreach and fundraising. Her perspective is aimed at strengthening the firm's push to back ambitious companies and outperform in a space that's still not always inclusive, the company said.
