/Not for distribution to U.S. newswire services or for dissemination in the United States/
TORONTO and MONTREAL, Sept. 14, 2016 /CNW Telbec/ - Fiera Capital Corporation (TSX: FSZ) ("Fiera Capital"), on behalf of June 2020 Corporate Bond Trust (the "Fund"), announces the filing by the Fund of an amended and restated preliminary prospectus supplement with the securities regulators in all of the provinces and territories of Canada relating to an initial public offering of Class A Units and Class T Units (together, the "Units") at a price of $10.00 per Unit.
The Fund's investment objectives are to: (i) return to unitholders the original issue price of $10.00 per Unit on or before June 30, 2020; and (ii) generate over the term of the Fund an average annual total return after fees and expenses of 3.00% for investors in the initial public offering who purchased Class A Units and 3.50% for investors in the initial public offering who purchased Class T Units by acquiring and holding a portfolio (the "Portfolio") comprised primarily of debt securities of Canadian and U.S. corporate issuers.
The Fund uses the Unit Traded Fund (UTF) structure which has been developed to accomplish two goals, namely (a) to enable the Fund to invest virtually all of the gross proceeds from the offering in the Portfolio, and (b) to encourage the Fund's Class T Units to trade in the market at a price not less than 98.50% of their net asset value per Unit throughout the life of the Fund.
The offering is being made on a best efforts agency basis in each of the provinces and territories of Canada through a syndicate of agents led by National Bank Financial Inc. that includes BMO Capital Markets, CIBC, Scotiabank, GMP Securities L.P., Canaccord Genuity Corp., Raymond James Ltd., Desjardins Securities Inc., Industrial Alliance Securities Inc., Manulife Securities Incorporated, Echelon Wealth Partners Inc. and Mackie Research Capital Corporation.
An amended and restated preliminary prospectus containing important information relating to the offered Units has been filed with securities regulatory authorities in all provinces and territories of Canada. The amended and restated preliminary prospectus is still subject to completion or amendment. Copies of the amended and restated preliminary prospectus supplement may be obtained from your registered financial advisor using the contact information for such advisor. There will not be any sale or any acceptance of an offer to buy the offered Units until the final form of shelf prospectus supplement has been filed with the securities regulators.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Fiera Capital
Fiera Capital 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. At June 30, 2016, Fiera Capital had more than CAD$109 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.
Additional information relating to the Firm, including the Firm's annual information form, is on SEDAR at www.sedar.com.
SOURCE Fiera Capital Corporation