MONTREAL, Oct. 17, 2016 /CNW Telbec/ - Fiera Capital
Corporation ("Fiera Capital" or the "Firm" or the "Corporation"), (TSX: FSZ) announces that its Board of Directors has
authorized the renewal of its normal course issuer bid ("NCIB"). Fiera Capital has received the Toronto Stock Exchange (the "TSX")
approval to renew its NCIB for a period of 12 months.
Pursuant to its renewed normal course issuer bid, Fiera Capital may purchase for cancellation up to a maximum of
3,421,685 Class A Shares, representing approximately 10% of the public float of Class A Shares as at
October 11, 2016.
At the close of business on October 11, 2016, there were 57,964,820 Class A Shares outstanding of
which 34,216,850 Class A Shares constitute the public float.
The Board of Directors of Fiera Capital believes that the repurchase of Class A Shares is a sound use of Fiera Capital's funds
and the normal course issuer bid will provide Fiera Capital with the flexibility to purchase Class A Shares from time to time as it
considers advisable.
The purchases under the Firm's normal course issuer bid will be made on the open market through the facilities of the TSX in
accordance with its policy on normal course issuer bids and through alternative trading systems and in accordance with their
requirements. Purchases may also be made outside of the facilities of the TSX by private agreements pursuant to exemption orders
issued by securities regulatory authorities. Fiera Capital has retained National Bank Financial as broker to manage the normal
course issuer bid. The price which the Firm will pay for repurchased shares will be the market price at the time of acquisition
plus brokerage fees, except that purchases effected outside the facilities of the TSX by private agreements pursuant to exemption
orders issued by securities regulatory authorities will be at a discount to the market price as provided in such exemption orders.
Purchases may commence as of October 19, 2016 and will terminate no later than October 18, 2017.
The average daily trading volume (the "ADTV") of Fiera Capital's Class A Shares over the last six complete calendar months was
49,472.46 Class A Shares. Accordingly, under TSX rules and policies, Fiera Capital is entitled on any trading day to
purchase up to 12,368 Class A Shares. Fiera Capital may also purchase, once a week and in excess of the foregoing daily
repurchase limit of 25% of the ADTV, blocks of Class A Shares that are not owned by any insiders, in accordance with the TSX rules
and policies.
The current NCIB commenced on October 19, 2015 and will terminate on October 18, 2016. As at
October 11, 2016 Fiera Capital had repurchased a total of 369,900 Class A Shares pursuant to its current normal
course issuer bid at a weighted average price paid per Class A Shares of approximately $11.05.
Forward-Looking Statements
This document may contain certain forward-looking statements. These statements relate to future events or future performance,
and reflect management's expectations or beliefs regarding future events, including business and economic conditions and Fiera
Capital's growth, results of operations, performance and business prospects and opportunities. Such forward-looking statements
reflect management's current beliefs and are based on information currently available to management. In some cases, forward-looking
statements can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate",
"predict", "potential", "continue", "target", "intend" or the negative of these terms, or other comparable terminology.
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and a
number of factors could cause actual events or results to differ materially from the results discussed in the forward-looking
statements. In evaluating these statements, readers should specifically consider various factors that may cause actual results to
differ materially from any forward-looking statement. These factors include, but are not limited to, market and general economic
conditions, the nature of the financial services industry, and the risks and uncertainties detailed from time to time in Fiera
Capital's interim and annual consolidated financial statements, and its Annual Report and Annual Information Form filed on www.sedar.com. These forward-looking statements are made as of the date
of this document, and Fiera Capital assumes no obligation to update or revise them to reflect new events or circumstances.
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 June 30, 2016, Fiera Capital had more than CAD$109
billion in assets under management. The Firm delivers distinctive investment management capabilities to institutional,
private wealth and retail clients in Canada. In the US, asset management services are provided by
its US affiliates, Bel Air Investment Advisors LLC and Fiera Capital Inc. which are investment advisers registered with the US
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
