Ninepoint Partners Completes First Closing of Ninepoint 2023 Short Duration Flow-Through Limited Partnership
Ninepoint Partners LP is pleased to announce the successful completion of the first closing of the Ninepoint 2023 Short Duration Flow-Through Limited Partnership. The partnership issued 550,739 units, raising gross proceeds of $13,768,475. The second and final closing is scheduled for October 24, 2023. The partnership's investment objective is to achieve capital appreciation and significant tax benefits by investing in a diversified portfolio of Flow-Through Shares and other securities of Resource Issuers. The partnership offers attractive tax-reduction benefits, with investors potentially eligible to receive a tax deduction of approximately 100% of the amount invested. The partnership will be sub-advised by Sprott Asset Management LP, a leading investment advisor in small and mid-cap resource companies. The offering is being made through a syndicate of agents led by RBC Dominion Securities Inc. Ninepoint Partners is a Toronto-based alternative investment management firm overseeing approximately $8 billion in assets under management and institutional contracts.
How Ninepoint Partners' Successful First Closing Could Impact New Businesses
The successful completion of the first closing of the Ninepoint 2023 Short Duration Flow-Through Limited Partnership by Ninepoint Partners LP provides an interesting case study for new businesses, particularly those in the investment sector. The partnership, which raised over $13 million, aims to achieve capital appreciation and significant tax benefits by investing in a diversified portfolio of Flow-Through Shares and other securities of Resource Issuers.
Lessons in Investment Strategy
The investment strategy of the partnership, which includes attractive tax-reduction benefits, could serve as a model for new businesses looking to attract investors. The potential for investors to receive a tax deduction of approximately 100% of the amount invested is a unique selling proposition that could be emulated by new businesses.
Role of Strategic Partnerships
The partnership's decision to be sub-advised by Sprott Asset Management LP, a leading investment advisor in small and mid-cap resource companies, underscores the importance of strategic partnerships in achieving business objectives. This could encourage new businesses to seek out similar partnerships to leverage expertise and resources.
Importance of Syndication
The offering being made through a syndicate of agents led by RBC Dominion Securities Inc. emphasizes the role of syndication in successful investment offerings. This could be a valuable strategy for new businesses looking to raise capital.
In conclusion, Ninepoint Partners' successful first closing offers valuable insights for new businesses in terms of investment strategy, the role of strategic partnerships, and the importance of syndication.
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