North American Preferred Share Fund Announces NAV Error

MONTREAL, March 16, 2015 /CNW Telbec/ - North American Preferred Share Fund (TSX: NPF.UN) (the "Fund") announced today that the estimated net asset value per unit (NAV) was misstated for the period of May 14, 2014 to February 26, 2015. 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 $0.42 on a reported NAV of $22.55, for a difference of 1.869%. There were no subscriptions at the originally-published NAVs, while 675,740 units were redeemed on November 28, 2014. The manager of the Fund, Fiera Capital Corporation, intends to reimburse the Fund for the overpayment of the redeemed units and overpayment of management fees resulting from the error.

 

SOURCE Fiera Capital Corporation

For further information: please call Raj Lala, Executive Vice President, Retail Markets at Fiera Capital Corporation at 416-955-4928 or visit www.fieracapital.com

RELATED LINKS
http://www.fieracapital.com

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