Fiera Capital Corporation Announces Redemption of its 5.60% Senior Subordinated Unsecured Debentures due July 31, 2024
MONTREAL, June 29, 2023 /CNW/ - Fiera Capital Corporation ("Fiera Capital" or the "Company") (TSX: FSZ) announced today that it has delivered notice to the registered holder of the Company's outstanding 5.60% senior subordinated unsecured debentures due July 31, 2024 (the "Debentures") to the effect that pursuant to the provisions of the trust indenture governing the Debentures dated July 4, 2019 (the "Indenture"), the Company will redeem all issued and outstanding Debentures, effective July 31, 2023 (the "Redemption Date").
There is $110,000,000 aggregate principal amount of Debentures issued and outstanding as at the date hereof.
On the Redemption Date, subject to compliance with the Indenture, holders of the Debentures will receive a total payment of $1,000 for each $1,000 principal amount of Debentures. On July 31, 2023, the last interest payment will be made to beneficial owners of Debentures as of the close of business on July 28, 2023. The rights of the holders of the Debentures under the terms thereof and under the Indenture shall cease to be effective as of the Redemption Date.
About Fiera Capital Corporation
Fiera Capital is a leading independent asset management firm with a growing global presence and approximately C$164.7 billion in assets under management as of March 31, 2023. Fiera Capital delivers customized and multi-asset solutions across public and private market asset classes to institutional, financial intermediary and private wealth clients across North America, Europe and key markets in Asia. Fiera Capital's depth of expertise, diversified investment platform and commitment to delivering outstanding service are core to our mission of being at the forefront of the investment management science to foster sustainable prosperity for all our stakeholders. Fiera Capital trades under the ticker FSZ on the Toronto Stock Exchange.
Headquartered in Montreal, Fiera Capital, with its affiliates in various jurisdictions, has offices in over a dozen cities around the world, including New York (U.S.), London (UK), and Hong Kong (SAR).
Each affiliated entity (each an "Affiliate") of Fiera Capital only provides investment advisory or investment management services or offers investment funds in the jurisdictions where the Affiliate and/or the relevant product is registered or authorized to provide services pursuant to an exemption from registration.
In the U.S., asset management services are provided by Fiera Capital's Affiliates who are investment advisers that are registered with the U.S. Securities and Exchange Commission (the "SEC") or exempt from registration. 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
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