Montreal-based Fiera Capital Corp, manager of Fiera Capital QSSP II Investment Fund Inc., Wednesday announced its first offering of Class A shares, Series 2013 of the fund.
The first offering will begin on March 26, and is expected to end on April 2. The fund may close its offering to new subscriptions before April 2, in case of high investor demand.
The fund seeks to combine the benefits of diversification and professional management with a structure that will capitalize on all the advantages of the Quebec Stock Savings Plan II (QSSP II).
The fund’s investment objectives are to provide medium and long-term capital appreciation and to entitle subscribers to claim a deduction under the QSSP II for Quebec income tax purposes for the 2013 tax year. The fund will invest the proceeds of its offering of Class A Shares, Series 2013 primarily in Quebec-based companies whose securities qualify for the QSSP II.
The shares may be purchased from National Bank Securities Advisory Service, National Bank Financial, National Bank Direct Brokerage or most investment advisors or mutual fund sales representatives licensed in Quebec. A minimum initial investment of $2,000 per subscriber is required.