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Fiera Capital Corporation Announces Termination of Investment Grade Infrastructure Bond Fund
Fiera Capital Corporation Announces Termination of Investment Grade Infrastructure Bond Fu...
About this update from Fiera Capital Corporation Class A
[{"type":"text","content":"\n\n\n\nFiera Capital Corporation Announces Termination of Investment Grade Infrastructure Bond Fund\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTREAL, Aug. 27, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES ORDISSEMINATION IN THE UNITED STATES/\n MONTREAL, Aug. 27, 2019 /CNW Telbec/ - Fiera Capital Corporation (the \"Manager\" or the \"Company\"), the manager of Investment Grade Infrastructure Bond Fund (the \"Fund\") (TSX: IFB.UN), announced today that the Fund will be terminated on or about September 26, 2019 (the \"Termination Date\").\nAs 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 practical to continue the Fund or that it would be in the best interests of the Fund to do so. Given the current size of the Fund and its related expenses and the upcoming annual redemption date, the Manager has determined that it is in the best interest of the Fund to terminate the Fund prior to the annual redemption 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. \nIt is expected that the units of the Fund will be delisted from the TSX on or about September 19, 2019. Due to the Termination Date occurring prior to the annual redemption date, there will be no annual redemption for the Fund in 2019 as all units will be redeemed on the Termination Date. \nAbout Fiera Capital Corporation\nFiera Capital is a leading independent asset management firm with approximately C$149.5 billion in assets under management as of June 30, 2019. 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 ...