Business
Natixis Investment Managers to Sell its Block of Fiera Capital Shares
Natixis Investment Managers to Sell its Block of Fiera Capital Shares Canada Ne...
About this update from Fiera Capital Corporation Class A
[{"type":"text","content":"\n \n \n \n Natixis Investment Managers to Sell its Block of Fiera Capital Shares\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.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnbcc{\nBORDER-TOP:0pt solid; BORDER-RIGHT:0pt solid; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt solid; BORDER-LEFT:0pt solid\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 Natixis Investment Managers and Fiera Capital renew distribution agreement\n \n \n \n \n MONTREAL\n \n and\n \n PARIS\n \n ,\n \n Jan. 12, 2022\n \n /CNW Telbec/ - Fiera Capital Corporation (TSX: FSZ) (\"Fiera Capital\" or the \"Company\") and Natixis Investment Managers (\"Natixis IM\") today announced that Natixis IM intends to sell all of the 10.68 million class A subordinate voting shares (\"Class A Shares\") that it currently holds in Fiera Capital through an indirect wholly-owned subsidiary.\n \n \n Fiera Capital and Natixis IM intend to enter into a private agreement for the repurchase for cancellation of 3.56 million Class A Shares for an aggregate repurchase price of\n \n $34,888,000\n \n . In addition, Natixis IM will pay Fiera Capital a transaction fee.\n \n \n In a separate transaction, Natixis IM intends to sell 7.12 million Class A Shares through a syndicate led by RBC Capital Markets by way of a prospectus-exempt bought deal block trade.\n \n \n The transactions are expected to be entered into later today and settled on\n \n January 14, 2022\n \n . Closing of the share repurchase will be conditional upon closing of the bought deal block trade. Following the transactions, Natixis IM will no longer hold any Fiera Capital shares. However, the distribution agreement entered in\n \n May 2019\n \n between Natixis IM and Fiera Capital establishing Fiera Capital as Natixis' preferred Canadian distributor for its inves...