TORONTO and MONTREAL, July 30, 2015 /CNW Telbec/ - Real Asset Income and Growth Fund (TSX: RAI.UN) (the "Fund") announced today acceptance by the Toronto Stock Exchange (the "TSX") of the Fund's Notice of Intention to make a Normal Course Issuer Bid (the "NCIB").
Pursuant to the NCIB, the Fund proposes to purchase through the facilities of the TSX, from time to time, if it is in the best interests of the Fund, up to 490,068 Class A units ("Units") of the Fund, representing approximately 10% of the public float. As of July 23, 2015, the Fund had 4,900,686 issued and outstanding Units. The Fund will not purchase in any given 30-day period, in aggregate, more than 98,013 Units, being 2% of the issued and outstanding Units as of July 23, 2015.
Fiera Capital Corporation, the manager of the Fund, believes that such purchases are in the best interests of the Fund. All purchases will be made through the facilities of the TSX in accordance with its rules and policies. All Units purchased by the Fund pursuant to the NCIB will be cancelled. The NCIB will commence on August 4, 2015 and will expire on August 3, 2016.
About Fiera Capital Corporation
Fiera Capital Corporation is a leading publicly-traded, independent investment firm with offices in major financial centres across North America. Fiera Capital offers the full array of traditional and alternative investment solutions for institutional, private wealth and retail clients, as well as a proactive and tactical asset allocation process. In the U.S., asset management services are provided by Fiera Capital's U.S. subsidiaries, Bel Air Investment Advisors LLC and Wilkinson O'Grady & Co., Inc. For more information, visit www.fieracapital.com.
SOURCE Fiera Capital Corporation
For further information: Stephen Kangas, Senior Vice President, Retail Markets, Fiera Capital at 416-955-4929 or visit www.fieracapital.com