Canadian Convertibles Plus Fund Announces Net Asset Value Error

/Not for distribution to United States newswire services or for dissemination in the United States/

MONTREAL, Dec. 2, 2016 /CNW/ - Canadian Convertibles Plus Fund (TSX: CCI.UN) ("Fund") announced today that the estimated net asset value per unit (NAV) was misstated for the period of September 8, 2016 to November 2, 2016. The misstatement was caused by a third-party processing error. The NAVs were subsequently recalculated and were lower than the reported NAV throughout the period, with the maximum difference being $0.0393 on a reported NAV of $6.1428, for a difference of 0.64%. There were no subscriptions or redemptions at the originally-published NAVs during this period. The manager of the Fund, Fiera Capital Corporation, intends to reimburse the Fund for the overpayment of management fees.

 

SOURCE Fiera Capital Corporation