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MONTREAL, June 30, 2016 /CNW Telbec/ - Fiera Capital Corporation
(TSX: FSZ) ("Fiera Capital" or the "Firm") announced today that pursuant to the sale and purchase agreement entered into for the
acquisition of Los Angeles, California based Bel Air Investment Advisors LLC as well as its
affiliate Bel Air Securities LLC (collectively "Bel Air"), which closed on October 31, 2013, Fiera
Capital has issued to the Bel Air selling partners an aggregate number of 277,578 Class A
subordinate voting shares ("Class A Shares"), at a price per share of C$12.24 (or US$11.72), being the market price of the Class A Shares at the time of the signature of the sale and purchase
agreement.
The purchase price for the Bel Air acquisition was US$125
million, of which approximately US$10 million is payable to the Bel
Air selling partners by the issuance by Fiera Capital of new Class A Shares in three tranches over a 32-month period from
the closing date (the "Tranche Issuances"), the first of which occurred on June 30, 2014, the second
of which occurred on June 30, 2015 and the third of which occurred today.
In connection with Fiera Capital's issuance of Class A Shares to the Bel Air selling partners
as partial consideration for the Bel Air acquisition, National Bank of Canada ("NBC") exercised in 2013 its anti-dilution rights under the investor rights agreement between Fiera
Capital and NBC dated April 2, 2012, to maintain its ownership percentage of the issued and
outstanding Class A Shares and Class B special voting shares of Fiera Capital. Therefore, Fiera Capital has issued to Natcan
Investment Management Inc., a wholly-owned subsidiary of NBC, 149,469 Class A Shares at the same price per share as the Class A
Shares issued today to the Bel Air selling partners. As a result of such issuance, NBC
beneficially owns approximately 21% of the issued and outstanding Class A Shares and Class B special voting shares of Fiera
Capital.
About Fiera Capital Corporation
Fiera Capital Corporation is a leading North American independent asset management firm listed on the Toronto Stock Exchange.
The Firm offers a wide range of traditional and alternative investment solutions, including depth and expertise in asset
allocation. At March 31, 2016, Fiera Capital had approximately CAD$98
billion in assets under management. The Firm delivers distinctive investment management capabilities to institutional,
private wealth and retail clients in Canada. In the U.S., asset management services are provided
by its U.S. affiliates, Bel Air Investment Advisors LLC and Fiera Capital Inc. which are investment advisers registered with the
U.S. Securities and Exchange Commission (the "SEC"). Registration with the SEC does not imply a certain level of skill or training.
www.fieracapital.com
Additional information relating to the Firm, including the Firm's annual information form, is on SEDAR at www.sedar.com.
SOURCE Fiera Capital Corporation
