NexC Partners Corp. Annual Redemption Update

TORONTO, ON--(Marketwired - March 01, 2016) -  NexC Partners Corp. (the "Company") (TSX: NXC) would like to announce that the annual redemption condition for the March 2016 annual redemption has been triggered as described in the Company's prospectus. Over the four month period ended February 28^th, 2016, the Class A shares traded on the TSX at an average discount to net asset value ("NAV") of 5.21% on a volume weighted basis. 

Shareholders may tender their Class A, Class F or Class J shares for redemption and will receive a Redemption Price equal to NAV per Class A Shares, Class F Shares or Class J Shares, respectively, on the Annual Redemption Date, less any cost associated with the redemption. As described in the Prospectus, for the purposes of calculating the Net Asset Value per share for the annual redemption, the Company's investment in Purpose Investments Inc. (the "Manager"), will be valued at book value as shown on the Manager's most recent audited annual financial statements. The current book value of the Manager, as shown in its most recent audited annual financial statements is zero and therefore will result in a reduction to NAV per share in the determination of the Redemption Price of approximately $0.49 per share redeemed. Payment of redemption proceeds will be made on or about the 15^th business day of the month following the Annual Redemption Date.

About Purpose Investments

Purpose Investments is an asset management firm inspired by the belief that all investors should have access to great investment products along with low fees. Purpose Investments believes in focusing first on managing risk and creating value that is currently missing from the marketplace, thus empowering all Canadians to be better investors. Purpose Investments has approximately $1.8 billion in assets under management and currently offers 17 exchange-traded funds and mutual funds and 6 closed-end funds across multiple asset classes with both traditional and alternative investment strategies.

Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total return and the cumulative total return including changes in share value and reinvestment of all dividends and does not take into account sales, redemptions, distributions or optional charges or income taxes payable by any shareholder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.