/NOT FOR DISTRIBUTION TO UNITED STATES NEWS SERVICES OR FOR DISTRIBUTION IN UNITED STATES/
MONTREAL, May 11, 2021 /CNW Telbec/ – Fiera Capital Corporation (the “Manager” or “Fiera Capital“), the manager of the Senior Secured Floating Rate Loan Fund (the “Funds“) (TSX: FRL.UN), confirmed today that, as previously announced, the Fund will be terminated on or about May 28, 2021.
As set out in the Fund’s Declaration of Trust, the Fund does not have a fixed termination date. However, the Manager may dissolve the Fund without the approval of unitholders if it considers that it is no longer economically practical to continue the Fund or that it would no longer be in the interest of the Fund to do so. Given the current size of the Fund and the associated costs, the Manager has determined that it is in the best interests of the Fund to be terminated. Following the settlement or provisioning of all liabilities of the Fund, the net assets of the Fund will be distributed to unitholders of the Fund on a pro rata basis and the Fund will be terminated.
The Manager will apply to have the Units of the Fund delisted from the TSX. The Units of the Fund are expected to be delisted from the TSX on or about May 21, 2021.
About Fiera Capital Corporation
Fiera Capital is a leading independent asset management firm with a growing global presence and approximately C$172.9 billion of assets under management at March 31, 2021. The company offers tailored, multi-asset solutions across public and private market asset classes to institutional, financial intermediary and private wealth clients through North America, Europe and the main markets of Asia. Fiera Capital’s deep expertise, diverse investment platform and commitment to exceptional service are at the heart of our mission to be at the forefront of investment management science to create lasting wealth. for our customers. Fiera Capital trades under the symbol FSZ on the Toronto Stock Exchange. fieracapital.com
Based at MontrealFiera Capital, with its affiliates in various jurisdictions, has offices in more than a dozen cities around the world, including New York (WE), London (UK), and hong kong (SAR).
In the United States, asset management services are provided by affiliates of the Company that are registered investment advisers with the United States Securities and Exchange Commission (SEC) or are exempt from registration. Registration with the SEC does not imply a certain level of skill or training. For more details on the particular registration of a Fiera Capital entity or exemptions therefrom, please see this web page.
Additional information about Fiera Capital Corporation, including the Corporation’s Annual Information Form, is available on SEDAR at www.sedar.com.
SOURCE Corporation Fiera Capital
For further information: Vincent Bruzzese, Assistant Vice President, Dealer and Customer Service, Retail Markets, Fiera Capital Corporation, 514 954-3331, [email protected]