June 2020 Corporate Bond Trust Announces Exercise Of Over-Allotment Option

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

TORONTO and MONTREAL, Nov. 29, 2016 /CNW Telbec/ - Fiera Capital Corporation (TSX: FSZ) ("Fiera Capital"), on behalf of June 2020 Corporate Bond Trust (the "Fund"), announced that the Fund has issued, pursuant to the exercise of the over-allotment option by the syndicate of agents, an additional 113,450 Class T Units which, when combined with the gross proceeds from the closing of the initial public offering on October 31, 2016, aggregates total gross proceeds from the offering of $41,134,500. The Class T Units are listed on the Toronto Stock Exchange under the symbol CBT.UN.

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 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 its 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 was 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, Echelon Wealth Partners Inc. and Mackie Research Capital Corporation.

About Fiera Capital

Fiera Capital is a leading North American independent asset management firm with more than CAD$112 billion in assets under management as at September 30, 2016. 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, Bel Air Investment Advisors LLC and Fiera Capital Inc., 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

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

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http://www.fieracapital.com

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