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MONTREAL, June 3, 2016 /CNW Telbec/ - Fiera Capital Corporation (TSX: FSZ) ("Fiera Capital" or the "Firm"), investment fund manager of the Fiera Capital Defensive U.S. Equity Fund (the "Fund"), announced the closure of the Fund, effective on or about September 6, 2016.
This closure applies only to the Fund (available through Fiera Capital's retail offering). This decision was made primarily as a result of the small number of unitholders and assets under management in the Fund.
As of June 3, 2016, units of the Fund will no longer be available for investments, including additional purchases by existing unitholders and through regular investment plans.
In accordance with securities legislation, a notice of termination has been sent to unitholders of the Fund.
Fiera Capital encourages unitholders of the Fund to consult with their advisors to understand the financial and tax implications of switching and redeeming their units and to determine the solution that best meets their individual investment needs and circumstances.
About Fiera Capital Corporation
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, Fiera Capital 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, which are investment advisers registered with the U.S. Securities and Exchange Commission. Registration with the SEC does not imply a certain level of skill or training. www.fieracapital.com
SOURCE Fiera Capital Corporation