Real Asset Income and Growth Fund files preliminary prospectus
TORONTO and MONTREAL, April 1, 2015 /CNW Telbec/ - Fiera Capital Corporation ("Fiera Capital") is pleased to announce that the Real Asset Income and Growth Fund (the "Fund") has filed a preliminary prospectus dated March 31, 2015 with the securities regulatory authorities of all of the Canadian provinces and territories for an initial public offering (the "Offering") of Class A Units and Class U Units (collectively, the "Units") of the Fund at a price of $10.00 per Class A Unit and US$10.00 per Class U Unit. The Class U Units are designated for investors wishing to make their investment in U.S. dollars and will not be listed on an exchange but will be convertible into Class A units on a monthly basis.
The Fund's investment objectives are to provide holders of Units with monthly cash distributions and to preserve capital and provide the opportunity for capital appreciation. The Fund has been created to invest on an actively managed basis across the capital structure of global real asset-related issuers. The portfolio of the Fund will be comprised primarily of publicly traded securities of issuers with significant exposure to income producing physical assets in the infrastructure and real estate sectors. The Fund's distributions are initially targeted to be $0.04167 per Class A Unit per month ($0.50 per annum) and US$0.04167 per Class U Unit per month (US$0.50 per annum) to yield 5.0% per annum on the subscription price per Unit.
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 December 31, 2014, including approximately U.S. $9.3 billion in real assets.
The syndicate of agents for this offering is being led by CIBC and RBC Capital Markets, and includes National Bank Financial Inc., Scotiabank, BMO Capital Markets, TD Securities Inc., GMP Securities L.P., Raymond James Ltd., Desjardins Securities Inc., 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. In the U.S., asset management services are provided by Fiera Capital's U.S. subsidiaries, which operate under the banner Fiera Capital Global Asset Management serving institutional and private clients. Fiera Capital also owns Bel Air Investment Advisors LLC, a specialized U.S. wealth management advisory firm, which operates as a stand-alone entity. For more information, visit www.fieracapital.com.
SOURCE Fiera Capital Corporation
For inquiries regarding the Fund, please contact Raj Lala, Executive Vice President, Retail Markets, Fiera Capital at 416-955-4928 or visit www.fieracapital.com
Share this article