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Fiera Capital Corporation Announces Termination of Senior Secured Floating Rate Loan Fund
Fiera Capital Corporation Announces Termination of Senior Secured Floating Rate Loan Fund...
About this update from Fiera Capital Corporation Class A
[{"type":"text","content":"\n \n \n \n Fiera Capital Corporation Announces Termination of Senior Secured Floating Rate Loan Fund\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n MONTREAL\n \n ,\n \n May 11, 2021\n \n /CNW Telbec/ - Fiera Capital Corporation (the \"\n \n Manager\n \n \" or \"\n \n Fiera Capital\n \n \"), the manager of Senior Secured Floating Rate Loan Fund (the \"\n \n Fund\n \n \") (TSX: FRL.UN), confirmed today, that as previously announced, the Fund will be terminated on or about\n \n May 28, 2021\n \n .\n \n \n As set out in the Fund's declaration of trust, the Fund does not have a fixed termination date. However, the Manager may terminate the Fund without the approval of unitholders if the Manager believes that it is no longer economically practical to continue the Fund or that it would no longer be in the best interest of the Fund to do so. 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 to be terminated. 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.\n \n \n The Manager will request that the units of the Fund be delisted from the TSX. It is expected that the units of the Fund will be delisted from the TSX on or about May 21, 2021.\n \n \n \n About Fiera Capital Corporation\n \n \n Fiera Capital is a leading independent asset management firm with a growing global presence and approximately\n \n C$172.9 billion\n \n in assets under management as of\n \n March 31, 2021\n \n . 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...