Ms. Krista Matheson reports

INVESTMENT GRADE INFRASTRUCTURE BOND FUND FILES FINAL PROSPECTUS

Investment Grade Infrastructure Bond Fund, managed and promoted by Fiera Capital Corp., has filed a final prospectus dated Jan. 26, 2015, with the securities regulatory authorities of all of the Canadian provinces and territories for an initial public offering of units of the fund at a price of $10 per unit. The offering has a maximum size of $150-million ($172.5-million if the overallotment option is exercised in full) and is expected to close on or about Feb. 24, 2015. The Toronto Stock Exchange has conditionally approved the listing of the units under the symbol IFB.UN.

The fund's investment objectives are to provide holders of units with monthly cash distributions, preservation of capital and provide the opportunity for capital appreciation. The fund has been created to invest in an actively managed portfolio consisting primarily of investment-grade fixed-income securities of issuers that own, operate or develop infrastructure assets in the United States. The fund's distributions are initially targeted to be 5 per cent per annum on the subscription price of $10 (4.166 cents per unit per month or 50 cents per unit per annum).

Fiera Capital is the manager and promoter of the fund. Fiera Capital has retained Nuveen Asset Management LLC to provide portfolio management services to the fund. Nuveen has approximately $130-billion (U.S.) in assets under management as of Sept. 30, 2014, including approximately $95-billion (U.S.) in infrastructure debt securities.

The syndicate of agents for this offering is being led by CIBC and RBC Capital Markets, and includes National Bank Financial Inc., Scotiabank, TD Securities Inc., BMO Capital Markets, GMP Securities LP, Desjardins Securities Inc., Raymond James Ltd., Canaccord Genuity Corp., Dundee Securities Ltd., Mackie Research Capital Corp. and Manulife Securities Inc.

The offering is only made by prospectus. The prospectus contains important detailed information relating to the units being offered. Copies of the prospectus may be obtained from any of the agents. Investors should read the prospectus before making an investment decision.