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Ninepoint Partners LP

2023-03-21 | Decision | Securities Act | Investment funds and structured products | https://www.osc.ca/en/securities-law/orders-rulings-decisions/ninepoint-partners-lp-8

Securities Act, R.S.O. 1990, c. S.5 as am., s. 62(5).


The Ontario Securities Commission granted Ninepoint Partners LP an extension of up to 90 days for the renewal of the prospectus for the Ninepoint Bitcoin ETF. This extension aligns the prospectus lapse date with the outcome of a securityholder meeting where proposed changes to the fund’s investment objectives will be voted on. The extension ensures that the renewal prospectus will accurately reflect the fund’s objectives post-meeting, providing clearer disclosure to investors.

The decision is based on subsection 62(5) of the Ontario Securities Act, which allows for such an extension. The fund is not in default of any securities legislation, and the extension will not compromise the accuracy of the fund’s current prospectus or ETF facts document. Any significant changes in the fund’s affairs will result in further amendments to these documents as required by law. The extension is deemed to be in the public interest and does not impose any conditions on the fund.