Fiera High Income Trust - Normal course issuer bid

TORONTO, Nov. 4, 2011 /CNW Telbec/ - Fiera Sceptre Inc., the sponsor and manager of the Fiera High Income Trust (the "Trust") (TSX: HIT.UN), a closed end investment trust listed on the Toronto Stock Exchange (the "TSX"), announced today that the TSX has accepted its notice of intention to renew its Normal Course Issuer Bid for units of the Trust, for the period commencing November 9, 2011 and terminating November 8, 2012. As at October 26, 2011, there are 907,735 units of the Trust outstanding. The Trust did not purchase any units under its previous Normal Course Issuer Bid that commenced on November 9, 2010 and expired on November 8, 2011.

Under the Normal Course Issuer Bid that will commence on November 9, 2011, if at any time the market price of the Trust's units is less than 90% of the net asset value per unit most recently determined, subject to compliance with any applicable regulatory requirements, the Trust will offer, through the facilities of a member broker of the TSX, to purchase for cancellation any units offered in the market at the then prevailing price, up to a maximum amount in any 30 day period of 2% (18,154 units) of the number of units outstanding on the date of acceptance of the notice of the Normal Course Issuer Bid by the TSX, subject to a maximum of 90,773 units (being 10% of the public float) over the 12-month period commencing November 9, 2011 and terminating November 8, 2012. The Normal Course Issuer Bid recognizes the possibility that the units of the Trust may trade at a discount to their net asset value and is intended to minimize market value discounts from the net asset value.

SOURCE Fiera High Income Trust

For further information:

Jim Craven, Executive Vice President, Fiera Sceptre Inc., toll-free at 1-800-994-9002,; you may also visit Fiera Sceptre's web site at

Organization Profile

Fiera High Income Trust

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890