Mr. Raj Lala reports

FIERA CAPITAL ANNOUNCES FUND DISTRIBUTIONS

Fiera Capital Corp. has declared distributions for the Canadian Convertibles Plus Fund, Canadian High Yield Focus Fund, Strategic Income Allocation Fund, North American REIT Income Fund, North American Preferred Share Fund, Senior Secured Floating Rate Loan Fund and Investment Grade Infrastructure Bond Fund.

Quarterly distributions

For the quarter ending March 31, 2015, the Canadian Convertibles Plus Fund and Canadian High Yield Focus Fund will make distributions as shown in the attached table.

Fund                                TSX symbol   Distribution amount       Record date      Payment date
                                                           (per unit)

Canadian Convertibles Plus Fund         CCI.UN              $0.15625    March 31, 2015    April 15, 2015
Canadian High Yield Focus Fund          CAH.UN              $0.19500    March 31, 2015    April 15, 2015

Monthly distributions

For months ending March, 2015, April, 2015, and May, 2015, the Strategic Income Allocation Fund, North American REIT Income Fund, North American Preferred Share Fund, Senior Secured Floating Rate Loan Fund and Investment Grade Infrastructure Bond Fund will make distributions as shown in the attached table.

Fund                                               TSX symbol   Distribution amount       Record date      Payment date
                                                                          (per unit)

Strategic Income Allocation Fund                       SIF.UN              $0.05417    March 31, 2015    April 15, 2015
Strategic Income Allocation Fund                       SIF.UN              $0.05417    April 30, 2015      May 15, 2015
Strategic Income Allocation Fund                       SIF.UN              $0.05417      May 29, 2015     June 15, 2015
North American REIT Income Fund                        NRF.UN              $0.05000    March 31, 2015    April 15, 2015
North American REIT Income Fund                        NRF.UN              $0.05000    April 30, 2015      May 15, 2015
North American REIT Income Fund                        NRF.UN              $0.05000      May 29, 2015     June 15, 2015
North American Preferred Share Fund                    NPF.UN              $0.11460    March 31, 2015    April 15, 2015
North American Preferred Share Fund                    NPF.UN              $0.11460    April 30, 2015      May 15, 2015
North American Preferred Share Fund                    NPF.UN              $0.11460      May 29, 2015     June 15, 2015
Senior Secured Floating Rate Loan Fund (Class A)       FRL.UN             $0.054167    March 31, 2015    April 15, 2015
Senior Secured Floating Rate Loan Fund (Class A)       FRL.UN             $0.054167    April 30, 2015      May 15, 2015
Senior Secured Floating Rate Loan Fund (Class A)       FRL.UN             $0.054167      May 29, 2015     June 15, 2015
Senior Secured Floating Rate Loan Fund (Class U)   Not listed       $0.054167 (U.S.)   March 31, 2015    April 15, 2015
Senior Secured Floating Rate Loan Fund (Class U)   Not listed       $0.054167 (U.S.)   April 30, 2015      May 15, 2015
Senior Secured Floating Rate Loan Fund (Class U)   Not listed       $0.054167 (U.S.)     May 29, 2015     June 15, 2015
Investment Grade Infrastructure Bond Fund              IFB.UN              $0.04166    April 30, 2015      May 15, 2015
Investment Grade Infrastructure Bond Fund              IFB.UN              $0.04166      May 29, 2015     June 15, 2015