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

For further information: Elliot Johnson, Senior Vice President, Product Development and Management, Retail Markets, at Fiera Capital Corporation at 416-640-4959 or visit www.fieracapital.com

RELATED LINKS
http://www.fieracapital.com

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