/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
TORONTO and MONTREAL, May 13, 2016 /CNW Telbec/ - Fiera Capital Corporation (TSX: FSZ) (the "firm"), the manager of Canadian High Yield Focus Fund (the "Fund") (TSX: CAH.UN), will terminate the Fund as contemplated in the Fund's declaration of trust as soon as practicable after June 16, 2016, the scheduled termination date of the Fund's expiring forward agreement (the "Forward Agreement").
As set out in the Fund's declaration of trust, the Fund does not have a fixed termination date but it was expected that the Fund would terminate on or about the termination date of the Forward Agreement. Following the settlement of the Forward Agreement and satisfaction of, or provision for, all liabilities of the Fund, the net assets of the Fund will be distributed to the unitholders of the Fund on a pro rata basis. Following such distribution, the Fund will terminate.
The Fund currently obtains exposure to a portfolio comprised of high yield bonds of Canadian securities held by CHYF Trust. Following the expiry and settlement of the Forward Agreement, CHYF Trust will terminate.
About Fiera Capital
Fiera Capital Corporation is a leading North American independent asset management firm listed on the Toronto Stock Exchange. The Firm offers a wide range of traditional and alternative investment solutions, including depth and expertise in asset allocation. As at March 31, 2016, the Firm had approximately CAD $98 billion in assets under management. The Firm delivers distinctive investment management capabilities to institutional, private wealth and retail clients in Canada. In the U.S., asset management services are provided by its U.S. affiliates, Bel Air Investment Advisors LLC and Fiera Capital Inc., which are investment advisers registered with the U.S. Securities and Exchange Commission (the "SEC"). Registration with the SEC does not imply a certain level of skill or training. www.fieracapital.com
SOURCE Fiera Capital Corporation