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Real Asset Income and Growth Fund to be Terminated
Real Asset Income and Growth Fund to be Terminated Canada NewsWire MONTREAL, Feb...
About this update from Fiera Capital Corporation Class A
[{"type":"text","content":"\n\n\n\nReal Asset Income and Growth Fund to be Terminated\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, Feb. 11, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\n MONTREAL, Feb. 11, 2019 /CNW Telbec/ - Fiera Capital Corporation (TSX: FSZ) (the \"Manager\"), the manager of the Real Asset Income and Growth Fund (the \"Fund\") (TSX: RAI.UN), today announced that it will terminate the Fund on or about March 22, 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 viable to continue operating the Fund or that it would be in the best interest of the Fund.\nGiven the current size of the Fund and its related expenses, the Manager has determined that it is in the best interest of the Fund's unitholders to terminate the Fund. The Manager may cause securities in the Fund's portfolio to be sold prior to the Termination Date in order to facilitate an orderly windup of the Fund's portfolio and termination of the Fund.  As a result, significant cash positions may exist prior to the Termination 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 prior to the Termination Date.\nAbout Fiera Capital Corporation\nFiera Capital Corporation is a global independent asset management firm with approximately C$136.7 billion in AUM as at December 31, 2018 delivering customized multi-asset solutions across traditional and alternative asset classes to institutional, retail and private wealth clients across North America, Europe and key markets in Asia. Fiera Capital strives to be at the forefront of investment-management science and is ...