/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE
SERVICES OR DISSEMINATION IN THE UNITED
STATES/
MONTREAL, July 9, 2019 /CNW Telbec/ - Fiera Capital
Corporation ("Fiera Capital" or the "Company") (TSX: FSZ) is
pleased to announce that it has issued an additional $10 million aggregate principal amount of 5.60%
senior subordinated unsecured debentures (the "Debentures")
following the exercise in full of the over-allotment option granted
to the underwriters in connection with Fiera Capital's previously
completed public offering of Debentures.
The Debentures bear interest at a rate of 5.60% per annum,
payable semi-annually in arrears on January 31 and
July 31 of each year, with the first interest payment on
January 31, 2020. The Debentures will mature on July 31,
2024. The Debentures are listed on the Toronto Stock Exchange under
the symbol "FSZ.DB.A".
The Company intends to use the net proceeds of the Offering to
fund recently announced acquisitions, to repay indebtedness and for
general corporate purposes. CIBC Capital Markets and RBC Capital
Markets acted as joint-bookrunners and co-leads, on behalf of a
syndicate co-led by Desjardins Capital Markets, BMO Capital Markets
and Scotiabank.
The securities have not been and will not be registered under
the U.S. Securities Act of 1933, as amended, and may not be offered
or sold in the United States
absent registration or an applicable exemption from the
registration requirements of such Act. This news release shall not
constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of the securities in any jurisdiction
in which such offer, solicitation or sale would be unlawful.
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. In particular, this press release
includes forward-looking statements relating to the anticipated use
of the net proceeds of the offering. 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 risks 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 condensed and annual consolidated financial
statements, and its latest 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 is a leading independent asset management firm
with approximately C$144.9 billion in
assets under management as of March 31,
2019. The Company provides institutional, retail and private
wealth clients with access to full-service integrated money
management solutions across traditional and alternative asset
classes. Clients and their portfolios derive benefit from Fiera
Capital's depth of expertise, diversified offerings and outstanding
service. Fiera Capital trades under the ticker FSZ on the Toronto
Stock Exchange. www.fieracapital.com
In the U.S., asset management services are provided by the
Company's U.S. affiliates who are investment advisers that are
registered with the U.S. Securities and Exchange Commission (SEC).
Registration with the SEC does not imply a certain level of skill
or training.
Additional information about Fiera Capital Corporation,
including the Company's annual information form, is available on
SEDAR at www.sedar.com.
SOURCE Fiera Capital Corporation