TORONTO and MONTREAL, Dec. 30, 2014 /CNW Telbec/ - Fiera Capital Corporation ("Fiera Capital") is pleased to announce that Investment Grade Infrastructure Bond Fund (the "Fund") has filed a preliminary prospectus dated December 29, 2014 with the securities regulatory authorities of all of the Canadian provinces and territories for an initial public offering (the "Offering") of units of the Fund (the "Units") at a price of $10 per Unit.
The Fund's investment objectives are to provide holders of Units with monthly cash distributions, preservation of capital and provide the opportunity for capital appreciation. The Fund has been created to invest in an actively managed portfolio consisting primarily of investment grade fixed income securities of issuers that own, operate or develop infrastructure assets in the United States. The Fund's distributions are initially targeted to be 5.0% per annum on the subscription price of $10 ($0.04166 per Unit per month or $0.50 per Unit per annum).
Fiera Capital is the manager and promoter of the Fund. Fiera Capital has retained Nuveen Asset Management, LLC ("Nuveen") to provide portfolio management services to the Fund. Nuveen has approximately U.S. $130 billion in assets under management as of September 30, 2014, including approximately U.S. $95 billion in infrastructure debt securities.
The syndicate of agents for this offering is being led by CIBC and RBC Capital Markets, and includes National Bank Financial Inc., Scotiabank, TD Securities Inc., BMO Capital Markets, GMP Securities L.P., Desjardins Securities Inc., Raymond James Ltd., Canaccord Genuity Corp, Dundee Securities Ltd., Mackie Research Capital Corporation and Manulife Securities Incorporated (collectively, the "Agents").
A preliminary prospectus containing important information relating to these units has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from one of the Agents. There will not be any sale or any acceptance of an offer to buy the units until a receipt for the final prospectus has been issued.
About Fiera Capital
Fiera Capital is a leading publicly traded, independent investment firm. Fiera Capital is one of only a handful of full service, multi-product investment firms in Canada, offering clients a proven top tier track record in equity and fixed income management as well as depth and expertise in asset allocation and alternative investments. For more information, visit www.fieracapital.com
SOURCE Fiera Capital Corporation
For inquiries regarding the fund distributions, please contact Krista Matheson, Senior Vice President, Retail Markets, Fiera Capital at 416-955-4929 or visit www.fieracapital.comCopyright CNW Group 2014