/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
MONTREAL, Feb. 11, 2019 /CNW Telbec/ - Fiera Capital Corporation (TSX: FSZ) (the "Manager"), the manager of the Real Asset Income and Growth Fund (the "Fund") (TSX: RAI.UN), today announced that it will terminate the Fund on or about March 22, 2019 (the "Termination Date").
As set out in the Fund's declaration of trust, the Fund does not have a fixed termination date but the Manager may terminate the Fund without the approval of unitholders if the Manager believes it is no longer economically viable to continue operating the Fund or that it would be in the best interest of the Fund.
Given the current size of the Fund and its related expenses, the Manager has determined that it is in the best interest of the Fund's unitholders to terminate the Fund. The Manager may cause securities in the Fund's portfolio to be sold prior to the Termination Date in order to facilitate an orderly windup of the Fund's portfolio and termination of the Fund. As a result, significant cash positions may exist prior to the Termination Date. Following the 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 and the Fund will be terminated.
It is expected that the units of the Fund will be delisted from the TSX on or prior to the Termination Date.
About Fiera Capital Corporation
Fiera Capital Corporation is a global independent asset management firm with approximately C$136.7 billion in AUM as at December 31, 2018 delivering customized multi-asset solutions across traditional and alternative asset classes to institutional, retail and private wealth clients across North America, Europe and key markets in Asia. Fiera Capital strives to be at the forefront of investment-management science and is passionate about creating sustainable wealth for clients. 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). Further, the Firm's affiliates Fiera Capital (UK) Limited and Fiera Capital (IOM) Limited are both registered as investment advisers with the SEC. Fiera Capital (UK) Limited is authorized and regulated by the Financial Conduct Authority in the United Kingdom and Fiera Capital (IOM) Limited is licensed by the Isle of Man Financial Services Authority. 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: Piero Perna, Director, Investment Solutions, Retail Markets & Strategic Investment Partnerships, Fiera Capital Corporation, 514-954-6565, [email protected]