Strategic Income Allocation Fund and SIA Trust announce change of portfolio manager


TORONTO, Sept. 29, 2014 /CNW Telbec/ - Propel Capital Corporation ("Propel"), as manager of the Strategic Income Allocation Fund (the "SIA Fund") and the SIA Trust (together with the SIA Fund, the "Funds") announced today that the portfolio management agreements of the Funds (the "Aston Hill Agreements") with Aston Hill Management Inc. ("Aston Hill") will be terminated following the expiry of the required notice period to Aston Hill.

Upon the expiry of the notice period and termination of the Aston Hill Agreements, which is expected to occur prior to November 30, 2014, the portfolio management and advisory services of the Funds will be assumed by Fiera Capital Corporation ("Fiera"), the sole shareholder of Propel, pursuant to new portfolio management agreements on terms and conditions substantially similar to those contained in the Aston Hill Agreements.

The decision to terminate the Aston Hill Agreements and internalize the portfolio management and advisory services of the Funds was made following the determination by the Fund's Independent Review Committee that Fiera has the knowledge, experience and resources to provide the portfolio management and advisory services to the Funds which are currently being provided by Aston Hill.

About Propel Capital Corporation

Propel develops, manages and distributes innovative investment solutions for Canadians through various TSX-listed and managed Funds.

About Fiera Capital Corporation

Fiera Capital Corporation is a leading publicly traded, independent investment firm, with more than $82 billion in assets under management. Fiera is one of only a handful of full service, multi-product investment firms in Canada, offering clients a proven top tier track record in Canadian and foreign equity and fixed income management as well as depth and expertise in asset allocation and non-traditional investments.

Additional information relating to Fiera, including Fiera's annual information form, is on SEDAR at

Forward-Looking Statements

This press release may contain forward-looking statements and information within the meaning of applicable securities legislation. In some cases, forward-looking statements can be identified by the expressions "seek", "expect", "believe", "estimate", "will", "target", "may", "should", "plan", "anticipate", "predict", "potential", "continue", "intend" or the negative of these terms, or other comparable terminology. The forward-looking statements are not historical facts but reflect the current expectations of Propel and the portfolio managers of the underlying portfolios regarding future results and events and are based on information currently available to them. Certain material factors and assumptions were applied in providing these forward-looking statements. All forward-looking statements in this press release are qualified by these cautionary statements. Propel believes that the expectations reflected in forward-looking statements are based upon reasonable assumptions; however. Propel can give no assurance that the actual results or developments will be realized. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made. Propel undertakes no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances except as required by securities laws. These forward-looking statements are made as of the date of this press release.

SOURCE: Propel Capital

For further information:

Media Information

For Propel:

Krista Matheson
Senior Vice President
(416) 572-2431

For Fiera:

Mélanie Tardif, CPA, CMA
Director, Corporate Communications and Investor Relations
(514) 954-6456

Profil de l'entreprise

Propel Capital

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