Business
Fiera Capital Corporation Announces Redemption of its 5.00% Convertible Unsecured Subordinated Debentures due June 30, 2023
Fiera Capital Corporation Announces Redemption of its 5.00% Convertible Unsecured Subordi...
About this update from Fiera Capital Corporation Class A
[{"type":"text","content":"\n \n \n \n Fiera Capital Corporation Announces Redemption of its 5.00% Convertible Unsecured Subordinated Debentures due June 30, 2023\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n MONTREAL\n \n ,\n \n \n May 31, 2022\n \n \n /CNW Telbec/\n \n -\n \n Fiera Capital Corporation (\"Fiera Capital\" or the \"Company\") (TSX: FSZ) announced today that it has delivered notice to the registered holder of the Company's outstanding 5.00% convertible unsecured subordinated debentures due June 30, 2023 (the \"Debentures) to the effect that pursuant to the provisions of the trust indenture governing the Debentures dated December 21, 2017 (the \"Indenture\"), the Company will redeem all issued and outstanding Debentures, effective June 30, 2022 (the \"Redemption Date\").\n \n \n There is\n \n $86,250,000\n \n aggregate principal amount of Debentures issued and outstanding as at the date hereof.\n \n \n On the Redemption Date, subject to compliance with the Indenture, holders of the Debentures (unless converted prior to the Redemption Date in accordance with the terms of the Indenture) will receive a repayment of\n \n $1,000\n \n for each\n \n $1,000\n \n principal amount of Debenture. On the same date, the last interest payment will be made to holders of record on May 20, 2022. The rights of the holders of the Debentures under the terms thereof and under the Indenture shall cease to be effective as of the Redemption Date.\n \n \n \n About Fiera Capital Corporation\n \n \n \n Fiera Capital is a leading independent asset management firm with a growing global presence and approximately\n \n $174.5 billion\n \n in assets under management as of March 31, 2022. The Company delivers customized and multi-asset solutions across public and private market asset classes to institutional, financial intermediary and private wealth clients across\n \n North America\n \n ,\n \n Europe\n \n and key markets in\n \n Asia\n \n . Fiera Capital's depth of expertise, diversified investment platform and commitment to delivering out...