MONTRÉAL, June 14, 2017 /CNW Telbec/ - The Fiera Capital QSSP II Investment Fund Inc. (the "Fund") and Fiera Capital Corporation ("Fiera Capital"), as manager of the Fund, announced today that they will redeem all series of Class A shares of the Fund on August 31, 2017 (the "Redemption Date") in accordance with the Fund's articles (the "Redemption"). The Fund will be wound-up following the Redemption (the "Termination").
The Fund and Fiera Capital will redeem the shares and terminate the Fund in light of the decrease in Fund assets following the non-renewal by the Québec government of the Stock Savings Plan II established under the Taxation Act (Québec) after its expiry on December 31, 2014.
In accordance with the Fund's articles, each holder of Class A shares will receive a cash payment equal to the net asset value per series of Class A shares applicable on the Redemption Date for each Class A share held on the Redemption Date.
Holders of Class A shares of the Fund may submit redemption requests for their shares of the Fund on each daily valuation date until the Redemption Date.
The costs relating to the Redemption and the Termination will be borne by the Fund. No redemption fees or other fees will be charged to shareholders in connection with the Redemption and Termination.
About Fiera Capital Corporation
Fiera Capital is a leading independent asset management firm with more than CAD$122 billion in assets under management as at March 31, 2017. 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. Further, Charlemagne Capital (UK) Limited and Charlemagne Capital (IOM) Limited are both registered as investment advisers with the SEC. Charlemagne Capital (UK) Limited is authorized and regulated by the Financial Conduct Authority in the United Kingdom and Charlemagne Capital (IOM) Limited is licenced by the Isle of Man Financial Services Authority. 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: Daniel Richard, Senior Vice-President, Corporate Communications and Investor Relations, Fiera Capital Corporation, 514 954-6456, [email protected]