MONTREAL,
April 24,
2024 /CNW/ - Fiera Capital ("Fiera Capital" or
the "Company") announces that on April 23,
2024, Fiera Holdings Inc. ("Fiera Holdings"), as general
partner of Fiera Capital L.P. ("Fiera LP"), which holds
approximately 20.7% of the outstanding shares of the Company as of
the date hereof, was notified by Desjardins Financial Holding Inc.,
an indirect wholly-owned subsidiary of Fédération des caisses
Desjardins du Québec ("Desjardins"), that Desjardins wishes to sell
all of the units of Fiera LP and all of the shares of Fiera
Holdings that it holds (the "Offered Securities"). The Offered
Securities represent 7,257,960 Class A subordinate voting shares of
the Company (the "Class A Shares"), or 6.8% of the total number of
outstanding shares of the Company.
In accordance with the terms of the limited
partnership agreement governing Fiera LP, unitholders of Fiera LP
now have a right of first refusal allowing them to purchase the
Offered Securities before the Class A Shares that the Offered
Securities represent are sold.
Senior management of the Company is currently
considering making an offer, together with a financial partner, to
acquire the Offered Securities from Desjardins. There can be no
assurance that such transaction will materialize.
About Fiera Capital Corporation
Fiera Capital is a leading independent asset
management firm with a growing global presence. The Company
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 investment management science to create sustainable
wealth for clients. 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 is authorized to provide services pursuant to
an exemption from registration and/or the relevant product is
registered.
Fiera Capital does not provide investment advice
to U.S. clients or offer investment advisory services in the U.S.
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 (SEC)
or exempt from registration. Registration with the SEC does not
imply a certain level of skill or training. For details on the
particular registration of, or exemptions therefrom relied upon by,
any Fiera Capital entity, please consult
https://www.fieracapital.com/en/registrations-and-exemptions.
Additional information about Fiera Capital,
including the Company's annual information form, is available on
SEDAR+ at www.sedarplus.ca.
Forward-Looking Statements
This document contains forward-looking statements
relating to future events or future performance and reflecting
management's expectations or beliefs regarding future events.
Forward-looking statements include comments with respect to the
exercise by unitholders of Fiera LP of their right to purchase the
Offered Securities and the possibility that senior management make
an offer to purchase the Offered Securities. Such statements
reflect management's current beliefs and are based on factors and
assumptions it considers to be reasonable based on information
currently available to management and may typically be identified
by terminology such as "believe", "expect", "aim", "goal", "plan",
"anticipate", "estimate", "may increase", "may fluctuate",
"predict", "potential", "foresee", "forecast", "project",
"continue", "target", "intend" or the negative of these terms or
other comparable terminology and similar expressions of future or
conditional verbs, such as "may", "will", "should", "would" and
"could."
By their very nature, forward-looking statements
involve numerous assumptions, inherent risks and uncertainties,
both general and specific, and the risk that predictions,
forecasts, projections, expectations or conclusions will not prove
to be accurate. As a result, the Company does not guarantee that
any forward-looking statement will materialize and readers are
cautioned not to place undue reliance on these forward-looking
statements. A number of important factors, many of which are beyond
Fiera Capital's control, could cause actual events or results to
differ materially from the predictions, forecasts, projections,
expectations, or conclusions expressed in such forward-looking
statements which include, but are not limited to those factors
described in the Company's Annual Information Form for the year
ended December 31, 2023 under the
heading "Risk Factors and Uncertainties" or discussed in other
materials filed by the Company with applicable securities
regulatory authorities from time to time which are available on
SEDAR+ at www.sedarplus.ca.
When relying on forward-looking statements in
this document and any other disclosure made by Fiera Capital,
investors and others should carefully consider the preceding
factors, other uncertainties and potential events. Fiera Capital
does not undertake to update or revise any forward-looking
statements, whether written or oral, that may be made from time to
time by it or on its behalf in order to reflect new information,
future events or circumstances or otherwise, except as required by
applicable laws.
SOURCE Fiera Capital Corporation