An anonymous director reports

FIERA CAPITAL CORPORATION ANNOUNCES COMPLETION OF PREVIOUSLY ANNOUNCED $65 MILLION BOUGHT DEAL PUBLIC OFFERING OF 8.25% SENIOR SUBORDINATED UNSECURED DEBENTURES

Fiera Capital Corp. has completed its previously announced bought deal public offering of $65-million aggregate principal amount of 8.25 per cent senior subordinated unsecured debentures at a price of $1,000 per debenture. The debentures bear interest at a rate of 8.25 per cent per annum, payable semi-annually in arrears on June 30 and Dec. 31 of each year, with the first interest payment on Dec. 31, 2023. The debentures will mature on Dec. 31, 2026. The debentures will commence trading on the Toronto Stock Exchange under the symbol FSZ.DB.B.

The net proceeds of this offering will be used to partially finance the redemption of the company's $110-million aggregate principal amount of 5.60 per cent senior subordinated unsecured debentures due July 31, 2024, that the company intends to effect promptly after the closing of the offering, and for general corporate purposes. The foregoing is not a redemption notice with respect to the 2024 debentures. Any redemption of the 2024 debentures will be made pursuant to a notice of redemption under the indenture governing those securities.

RBC Capital Markets, CIBC Capital Markets and Desjardins Capital Markets acted as joint-bookrunners, on behalf of a syndicate of underwriters which also included National Bank Financial Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., TD Securities Inc., Raymond James Ltd. and iA Private Wealth Inc. (collectively, the underwriters).

The company has also granted the underwriters an option to purchase up to an additional $9.75-million aggregate principal amount of debentures, on the same terms and conditions, exercisable in whole or in part, for a period of 30 days following the closing of the offering.

About Fiera Capital Corp.

Fiera Capital is a leading independent asset management firm with a growing global presence and approximately $164.7-billion in assets under management as of March 31, 2023. The company delivers customized and multiasset solutions across public and private market asset classes to institutional, financial intermediary and private wealth clients across North America, Europe and key markets in Asia. Fiera Capital's depth of expertise, diversified investment platform and commitment to delivering outstanding service are core to its mission of being at the forefront of investment management science to foster sustainable prosperity for all Fiera stakeholders.

In the United States, asset management services are provided by the company's U.S. affiliates who are investment advisers that are registered with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training.

We seek Safe Harbor.