20:46:17 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



Fiera Capital Corp
Symbol FSZ
Shares Issued 48,628,169
Close 2015-01-26 C$ 12.30
Market Cap C$ 598,126,479
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ORIGINAL: Investment Grade Infrastructure Bond Fund Files Final Prospectus

2015-01-26 19:34 ET - News Release

Investment Grade Infrastructure Bond Fund Files Final Prospectus

Canada NewsWire

TORONTO and MONTREAL, Jan. 26, 2015 /CNW Telbec/ - Fiera Capital Corporation ("Fiera Capital") is pleased to announce that Investment Grade Infrastructure Bond Fund (the "Fund") has filed a final prospectus dated January 26, 2015 with the securities regulatory authorities of all of the Canadian provinces and territories for an initial public offering (the "Offering") of units of the Fund (the "Units") at a price of $10 per Unit.

The Offering has a maximum size of $150,000,000 ($172,500,000 if the over-allotment option is exercised in full) and is expected to close on or about February 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 5.0% per annum on the subscription price of $10 ($0.04166 per Unit per month or $0.50 per Unit per annum).

Fiera Capital is the manager and promoter of the Fund. Fiera Capital has retained Nuveen Asset Management, LLC ("Nuveen") to provide portfolio management services to the Fund. Nuveen has approximately U.S. $130 billion in assets under management as of September 30, 2014, including approximately U.S. $95 billion 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 L.P., Desjardins Securities Inc., Raymond James Ltd., Canaccord Genuity Corp, Dundee Securities Ltd., Mackie Research Capital Corporation and Manulife Securities Incorporated (collectively, the "Agents").

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.

About Fiera Capital

Fiera Capital is a leading publicly traded, independent investment firm. Fiera Capital is one of only a handful of full service, multi-product investment firms in Canada, offering clients a proven top tier track record in equity and fixed income management as well as depth and expertise in asset allocation and alternative investments. For more information, visit www.fieracapital.com

 

SOURCE Fiera Capital Corporation

Contact:

For inquiries regarding the fund distributions, please contact Krista Matheson, Senior Vice President, Retail Markets, Fiera Capital at 416-955-4929 or visit www.fieracapital.com

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