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MONTREAL, Jan. 5, 2018 /CNW Telbec/ - North American Preferred Share Fund (TSX: NPF.UN) ("Fund") announced today that the net asset value per unit (NAV) was misstated for the period of November 28, 2017 to December 5, 2017. The misstatement was caused by a third-party processing error. The NAVs were subsequently recalculated and were lower than the reported NAV throughout the period, with the maximum difference being $0.1506 on a reported NAV of $24.4721, for a difference of 0.62%. There was an annual redemption at the originally published NAVs during this period, and unitholders received a higher price per unit. The manager of the Fund, Fiera Capital Corporation, intends to reimburse the Fund for the overpayment of annual redemption. There were no subscriptions at the originally-published NAVs during this period.
Canadian Preferred Share Trust (TSX: PFT.UN) ("Fund") announced today that the net asset value per unit (NAV) was misstated for the period of November 29, 2017 to December 5, 2017. The misstatement was caused by a third-party processing error. The NAVs were subsequently recalculated and were higher than the reported NAV throughout the period, with the maximum difference being $0.0631 on a reported NAV of $10.5219, for a difference of 0.59%. There were no subscriptions or redemptions at the originally-published NAVs during this period.
About Fiera Capital Corporation
Fiera Capital is a leading independent asset management firm with more than C$123.0 billion in assets under management as at September 30, 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 who are 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: Roland Sakha, Vice President, Strategic Investment Partnerships, Fiera Capital Corporation, 514-954-6575, firstname.lastname@example.org