Ninepoint Announces Expected June 16 Launch Date for Ninepoint SpaceX HighShares ETF with a 0% Management Fee until September 30, 2026

Product Launch and Structure

• Ninepoint Partners LP announced the expected June 16, 2026 launch of the Ninepoint SpaceX HighShares ETF (SXHI) on the Toronto Stock Exchange (TSX).
• The fund provides levered exposure to SpaceX Class A common stock, utilizing cash borrowing of up to 33% of unlevered net asset value.
• A covered call strategy writes options on up to 50% of underlying holdings to generate monthly income distributions.
• Management fees are temporarily waived at 0% until September 30, 2026, after which the fee will be set at 0.29%.
• The launch is strictly contingent upon SpaceX completing its IPO, TSX listing requirements, and regulatory approval.

Strategic and Financial Implications

• Revenue impact is negligible in the near term due to the 0% fee waiver period. Post-waiver, the 0.29% fee is standard for levered/structured ETFs and will only generate meaningful revenue if substantial AUM inflows materialize.
• Ninepoint acts as a fund manager, not a principal investor. The product does not alter the firm's core balance sheet or create direct equity exposure to SpaceX.
• The announcement is a standard product expansion for an asset manager, targeting retail and institutional demand for post-IPO private market exposure. It is incremental and conditional.

Ninepoint Partners LP is a Canadian asset management firm. The release indicates a strategic move to diversify its product suite into levered, income-focused ETFs targeting high-growth private companies once they go public. No further fundamental or operational data is available in the provided materials.