/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR
DISSEMINATION IN THE UNITED STATES/
MONTREAL, March 6, 2017 /CNW Telbec/ - Fiera Capital Corporation (the "Manager"), manager of the Strategic Income Allocation Fund (the "Fund") (TSX: SIF.UN), announces that the Fund will be closed as soon as practicable after March 20, 2017, the scheduled termination date of the Fund's expiring forward agreement (the "Forward Agreement").
As set out in the Fund's declaration of trust, the Fund does not have a fixed termination date, but it was expected that it would be terminated on or about the termination date of the Forward Agreement. Following the settlement of the Forward Agreement and satisfaction of, or provision for, all liabilities of the Fund, the net assets of the Fund will be distributed to the unitholders of the Fund on a pro rata basis. Following such distribution, the Fund will be terminated.
The Fund currently has exposure to a portfolio comprised of income generating North American fixed income investments, including high yield bonds, investment grade bonds, senior loans and convertible debt held by SIA Trust. Following the expiry and settlement of the Forward Agreement, SIA Trust will be terminated.
About Fiera Capital Corporation
Fiera Capital is a leading North American independent asset management firm with more than CAD$116 billion in assets under management as at December 31, 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: Elliot Johnson, Senior Vice President, Product Development & Management, Retail Markets, Fiera Capital Corporation, 416-640-4959, [email protected]