Ninepoint Partners LP (“Ninepoint”), one of Canada’s leading alternative investment management firms, announced the upcoming launch of its HighShares ETF suite, the first ETFs in Canada to offer enhanced monthly income from single stock exposure to some of the country’s most iconic companies. A receipt for the initial HighShares ETFs’ preliminary prospectus has been issued by the securities regulators in each of the provinces and territories of Canada.
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“Our goal is simple: we want to help Canadians earn more from companies they already believe in,” said John Wilson, co-CEO and Managing Partner at Ninepoint Partners. “With our HighShares ETF suite, we are enabling investors to access ETFs that provide the familiarity of household-name stocks with the added benefit of professional income strategies.”
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Each ETF in the suite is built around a single, well-known Canadian company or a diversified mix of market leaders across key sectors such as banking, energy, infrastructure, telecom and global growth. Alongside seeking to provide holders with long-term capital appreciation through exposure to Canadian blue-chip stocks investors already know and trust, the ETFs’ objectives also aim to provide high monthly cash distributions. Each ETF seeks to achieve this by selling call options on the single stock it owns, utilizing a covered call approach with modest leverage and then distributing the collected option premiums to investors.
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“HighShares ETFs offer everyday investors exposure to Canada’s most trusted blue-chip companies, such as Shopify, RBC, and Cameco, while targeting attractive monthly income,” added Karl Cheong, CFA, Executive Vice President and Head of ETFs at Ninepoint Partners. “Each ETF is professionally managed with a disciplined options strategy, making institutional-caliber income solutions accessible without the complexity of managing them yourself”
The initial HighShares ETF suite includes:
| ETFs | Ticker (TSX) | Risk Rating |
| Barrick High Income Shares Ninepoint ETF | ABHI | Medium to High |
| BCE High Income Shares Ninepoint ETF | BCHI | Medium |
| Cameco High Income Shares Ninepoint ETF | CCHI | Medium to High |
| Canadian Natural Resources High Income Shares Ninepoint ETF | CQHI | Medium to High |
| CNR High Income Shares Ninepoint ETF | CRHI | Medium to High |
| Enbridge High Income Shares Ninepoint ETF | ENHI | Medium |
| RBC High Income Shares Ninepoint ETF | RYHI | Medium |
| Shopify High Income Shares Ninepoint ETF | SHHI | Medium to High |
| Suncor High Income Shares Ninepoint ETF | SUHI | Medium to High |
| TD High Income Shares Ninepoint ETF | TDHI | Medium |
| Enhanced Canadian High Income Shares Ninepoint ETF | ECHI | Medium |
All HighShares ETFs will pay monthly income distributions which may be classified as eligible Canadian dividends, capital gains or return of capital for enhanced tax efficiency compared to interest. They are also DRIP eligible so investors can automatically reinvest payouts to grow their holdings over time.
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Source : globenewswire