The Securities Commission has granted an extension for the renewal of prospectuses for two funds managed by Ninepoint Partners LP. The decision allows an 87-day extension for the Ninepoint Carbon Credit ETF prospectus and a 73-day extension for the Ninepoint Energy Income Fund prospectus. This extension aligns their renewal dates with those of other funds under the same management, facilitating a consolidated prospectus and reducing associated costs.
The decision is based on subsection 62(5) of the Securities Act, which provides regulatory authority for such extensions. The Commission determined that there have been no material changes in the affairs of the funds since the dates of their current prospectuses, ensuring that the information remains accurate and not prejudicial to the public interest. The extensions will not affect the accuracy of information provided to investors, as current fund facts and documents will continue to be available and amended as required by legislation.
The outcome is that the funds can be offered under a single, streamlined prospectus, enabling easier comparison for investors and consistent operational features across the fund platform managed by Ninepoint Partners LP.