Fiera Capital Corporation Issues Class A Subordinate Voting Shares to DJM Capital Inc. in satisfaction of its Year One Earn-Out Payment

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DISSEMINATION IN THE UNITED STATES/

MONTREAL, Feb. 22, 2018 /CNW Telbec/ - Fiera Capital Corporation ("Fiera Capital" or the "Firm"), (TSX: FSZ), a leading independent investment firm, announces that it has issued today 335,838 Class A subordinate voting shares (the "Class A Shares") to DJM Capital Inc. ("DJM"). This issuance was made pursuant to the terms of the share purchase agreement between Fiera Capital and DJM dated November 10, 2016 (the "Agreement") with respect to the acquisition by the Firm from DJM of the business of Centria Commerce Inc. (now known as Fiera Private Lending Inc. ("FPL")), a leading Quebec-based private investment manager that establishes and manages funds providing construction financing, real estate investment and short-term business financing (the "Centria Acquisition").

Pursuant to the Agreement, additional consideration of up to C$12 million is payable to DJM in Class A Shares over a period of 3 calendar years following the closing (each year being an "Earn-Out Period") if certain AUM, revenue and earnings before interest, taxes, depreciation and amortization ("EBITDA") targets are met (each an "Earn-Out Payment"). Fiera Capital and DJM have determined that for the Year 1 Earn-Out Period those targets were met and that the Earn-Out Payment for such period amounts to C$4,083,788. The issue price per Class A Shares is equal to the aggregate volume weighted average trading price of the Class A Shares for the 10 trading day period ended February 20, 2018.

Following the issuance of the Class A Shares, Jean-Guy Desjardins beneficially owns 1,824,039 Class A Shares, representing approximately 2.57% of the issued and outstanding Class A Shares. Assuming the conversion of his beneficially owned 7,195,714 Class B Shares into Class A Shares, Jean-Guy Desjardins would beneficially own 9,019,753 Class A Shares, representing approximately 11.55% of the then issued and outstanding Class A Shares, and 9.98% of all of the then issued and outstanding shares of the Firm.

Forward-Looking Statements

This document may contain certain forward-looking statements. These statements relate to future events or future performance, and reflect management's expectations or beliefs regarding future events, including business and economic conditions and Fiera Capital's growth, results of operations, performance and business prospects and opportunities. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", "target", "intend" or the negative of these terms, or other comparable terminology.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and a number of factors could cause actual events or results to differ materially from the results discussed in the forward-looking statements. In evaluating these statements, readers should specifically consider various factors that may cause actual results to differ materially from any forward-looking statement.

These factors include, but are not limited to, market and general economic conditions, the nature of the financial services industry, and the risks and uncertainties detailed from time to time in Fiera Capital's interim and annual consolidated financial statements, and its Annual Report and Annual Information Form filed on www.sedar.com. These forward-looking statements are made as of the date of this document, and Fiera Capital assumes no obligation to update or revise them to reflect new events or circumstances, except as required by applicable law.

About Fiera Capital Corporation

Fiera Capital is a leading independent asset management firm with approximately C$128.9 billion in assets under management as of December 31, 2017. The Firm provides institutional, retail and private wealth clients with access to full-service integrated money management solutions across traditional and alternative asset classes. Clients and their portfolios derive benefit from Fiera Capital's depth of expertise, diversified offerings and outstanding service. Fiera Capital trades under the ticker FSZ on the Toronto Stock Exchange. www.fieracapital.com

In the U.S., asset management services are provided by the Firm'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.

Additional information about Fiera Capital Corporation, including the Firm's annual information form, is available on SEDAR at www.sedar.com.

 

SOURCE Fiera Capital Corporation