The transaction is expected to close in June
Two of the mergers are expected to be completed by March 8
Fiera/Canoe deal could be the beginning of a broader relationship
Fiera will continue to manage its Canadian closed-end funds and alternative strategies
Two floating rate funds affected by move
Canoe Canadian Corporate Bond Fund will be managed by Marc Goldfried, Canoe’s chief investment officer
The assets of Canoe U.S. Strategic Yield Advantaged Fund have been transferred into Canoe North American Monthly Income Class
Canoe will become the portfolio manager of the O’Leary funds once the deal closes officially
Changes to O’Leary Canadian Bond Yield Fund announced previously as a result of the firm’s merger with Canoe will not take place as anticipated
“Dragons” share vision of developing a Canadian independent fund manager