NexC Partners Corp. Annual Redemption Update

NexC Partners Corp. (the “Company” or “NexC”) (TSX: NXC) would like to announce that the annual redemption condition for the March 2017 annual redemption date has not been triggered as described in the Company’s prospectus. Over the four month period ended February 28th, 2017, the Class A shares traded on the TSX at an average discount of 4.96% to the net asset value per Class A share on a volume weighted basis.

The Company continues to surpass its long term objectives of providing attractive income and capital appreciation for investors through an investment in a high quality portfolio of North American dividend-paying equity securities, while also providing an opportunity to participate in the growth of Purpose Investments Inc. (“Purpose”). From the Company’s inception date of February 20, 2013 to February 28, 2017, the total return for the Class A shares was 58.5% and the annual compounded total return was 12.1%. Since the launch of NexC, the value of Purpose has grown to represent $1.42 per share, or approximately 10.7% of the Company’s net asset value. In addition, the Company raised the dividend again in 2016 to $0.165 per share per quarter which was the third dividend increase since inception. Purpose has now grown to manage over $3.0 billion in total assets and is well positioned for future growth.

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