This is very old news at this point, but better late than never!<\/p>\n
Canoe Financial has announced<\/a> (on 2020-4-9) that it:<\/p>\n reached an agreement under which Canoe Financial will acquire the rights to manage all of Fiera Investments\u2019 retail mutual funds listed below (the \u201cMutual Funds\u201d), representing approximately $1.14 billion in assets. The transaction is expected to close on or about the end of the second quarter of 2020, subject to receipt of all necessary approvals.<\/p><\/blockquote>\n Regulatory approval was granted 2020-6-17<\/a>:<\/p>\n The principal regulator is satisfied that the decision meets the test set out in the Legislation for the principal regulator to make the decision.<\/p>\n The decision of the principal regulator under the Legislation is that the Approvals Sought are granted.<\/p><\/blockquote>\n As a result “Fiera Canadian Preferred Share Class” was merged into “Canoe Preferred Share Portfolio Class”, a new Canoe Portfolio Class Fund to be created prior to the Merger Date consisting of Canoe Preferred Share Class and units of Canoe Trust Fund.<\/p>\n Accordingly, the acquisition closed on 2020-6-26<\/a>.<\/p>\n