Ninepoint High Interest Savings Fund - An alternative for cash balances for investors and advisors

TORONTO, March 08, 2019 (GLOBE NEWSWIRE) -- Ninepoint Partners has obtained approval to change the investment objective of Ninepoint Short Term Bond Fund, with the goal of maximizing yield on cash balances for investors and advisors. Ninepoint Short Term Bond Fund has been renamed Ninepoint High Interest Savings Fund.

The objective of the Ninepoint High Interest Savings Fund is to maximize yield on cash balances, while providing easy access to investments with daily liquidity. The Fund invests in high interest savings accounts offered at Schedule 1 Canadian Banks.

The Fund is structured to look for reasonable returns in the short term and offer daily liquidity without penalty for redemptions. The current underlying investments of the Fund have an interest rate of 2.25%*

“There is a need for high-quality, short-term vehicles for investors and advisors to earn higher returns on cash balances being set aside for new investments, purchases or expenses,” says James Fox, Co-CEO and Managing Partner at Ninepoint Partners. “We feel that the Ninepoint High Interest Savings Fund will provide investors with convenient access to such a vehicle.”

Performance as of 2/28/2019 (Series F)

*The interest rate on the underlying investments of the fund is effective March 7, 2019 and is subject to change. The interest rate does not represent individual return as the fund is subject to management fees - 0.39% for Series A and 0.14% for Series F. The Manager currently absorbs all other expenses. 

About Ninepoint Partners

Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $2.4 billion in assets under management. 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 including Diversified Core, Alternative Income, and Real Assets.

For more information on Ninepoint Partners, please visit www.ninepoint.com, or please contact us at (416) 299-9906 or (866) 299-9906 or invest@ninepoint.com.

All returns and fund details are a) based on Series F shares; b) net of fees; c) annualized if period is greater than one year.

The Fund is generally exposed to the following risks. See the prospectus of the Fund for a description of these risks: capital gains risk; class risk; concentration risk; credit risk; currency risk; cybersecurity risk; derivatives risk; exchange traded fund risk; foreign investment risk; inflation risk; interest rate risk; regulatory risk; securities lending, repurchase and reverse repurchase transactions risk; series risk; specific issuer risk; tax risk.

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 indicated rate of return for series F shares of the Fund for the period ended February 28, 2019 is based on the historical annual compounded total return including changes in share value and reinvestment of all distributions and does not take into account sales, redemptions, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. 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.