Strategic Income Allocation Fund Announces NAV Error
13 Apr, 2015, 17:00 ET
MONTREAL, April 13, 2015 /CNW Telbec/ - Strategic Income Allocation Fund (TSX: SIF.UN) (the "Fund") announced today that the net asset value per unit (NAV) was misstated on March 20, 2015. The misstatement was caused by an unrealized gain due to a delayed instruction to a third party processor. The total NAV was subsequently recalculated and was lower than the NAV reported, with the difference being $290,549.98 on a reported NAV of $22,042,233 for that day, for a difference of 1.34%. The originally published NAV per unit for that day was $8.65 and was subsequently restated at $8.54 per unit. There were no subscriptions or redemptions at the originally-published NAV. The manager of the Fund, Fiera Capital Corporation, intends to reimburse the Fund for the overpayment of any management fees resulting from the error.
SOURCE Fiera Capital Corporation
For further information: please call Raj Lala, Executive Vice President, Retail Markets at Fiera Capital Corporation at 416-955-4928 or visit www.fieracapital.com
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