Brief: Canoe Financial Acquires Fiera Capital Mutual Funds

Canoe EIT Income Fund

23/10/2018 14:14

Oct 23 (Reuters) - Fiera Capital Corp  FSZ.TO :
    * CANOE FINANCIAL ACQUIRES FIERA CAPITAL MUTUAL FUNDS
    * CANOE WILL ACQUIRE INVESTMENT FUND MANAGEMENT CONTRACTS
FOR NINE
OF FIERA CAPITAL MUTUAL FUNDS WITH ABOUT $785 MILLION IN ASSETS
    * TRANSACTION IS EXPECTED TO CLOSE DURING Q1 OF 2019
    * ON DEAL COMPLETION CANOE WILL BECOME TRUSTEE, MANAGER AND
PORTFOLIO MANAGER OF FIERA CAPITAL MUTUAL FUNDS
    * ON DEAL ALL FIERRA CAPITAL MUTUAL FUNDS WILL UNDERGO A
NAME
CHANGE TO CONTINUE UNDER CANOE BANNER
    * ADDITION OF FIERA CAPITAL MUTUAL FUNDS ASSETS BRINGS CANOE
FINANCIAL'S TOTAL ASSETS UNDER MANAGEMENT TO $5.43 BILLION
    * CERTAIN OF FIERA CAPITAL MUTUAL FUNDS WILL BE MERGED INTO
MUTUAL
FUNDS MANAGED BY CANOE UNDER DEAL

Source text for Eikon:  ID:nGNX72rdwH 
Further company coverage:  FSZ.TO 

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