Exchange Bulletin

Investment Grade Infrastructure Bond Fund (IFB.UN) To Trade On Toronto Stock Exchange


February 20, 2015

Investment Grade Infrastructure Bond (the “Fund”) - An application has been granted for the original listing in the Industrial category of up to 17,250,000 transferable units (the "Units"), of which up to 15,000,000 Units will be issued and outstanding, and up to 2,250,000 Units will be reserved for issuance upon completion of an initial public offering (the “Offering”).

Listing of the Units will become effective at 5:01 p.m. on Monday, February 23, 2015, in anticipation of the public offering closing on Tuesday, February 24, 2015. The Units will be posted for trading at the opening on Tuesday, February 24, 2015 upon confirmation of closing.

Registration of interests in, and transfers of, the Units will be made only through non-certificated interests issued under the Book-Entry Only System of CDS Clearing and Depository Services Inc. (“CDS”). Units must be purchased, converted, transferred and surrendered for redemption through a CDS Participant. Upon purchase of any Units, the Unitholder will receive only a customer confirmation.

Additional information on the Units may be found in the final prospectus dated January 26, 2015 (the “Prospectus”), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.

 

Stock Symbol: "IFB.UN" CUSIP: 461364 10 1 Trading Currency: CDN$

 

Temporary Market Maker: Jones Gable and Company Limited
Other Markets: None
Head Office Address: 1 Adelaide Street East
Suite 600
Toronto, Ontario M5C 2VA
Email Address: info@fieracapital.com
Website: www.fieracapital.com
Head Office Telephone Number: (416) 601-9898
Investor Relations: Krista Matheson
Senior Vice President, Retail Markets
(416) 955-4929
info@fieracapital.com
Chief Financial Officer: Marcel Larochelle
Corporate Secretary: Violaine Des Roches
Incorporation: The Fund is a closed-end investment trust established under the laws of the Province of Ontario pursuant to a declaration of trust dated January 26, 2015.
Manager of the Fund: Fiera Capital Corporation
Fiscal Year End: December 31
Nature of Business: The Fund has been created to invest in an actively managed portfolio comprised primarily of Investment Grade fixed income securities of issuers that own, operate or develop infrastructure assets in the United States.
Transfer Agent & Registrar: Computershare Investor Services Inc. at its principal office in Toronto.
Distributions: The Fund intends to make monthly cash distributions to Unitholders of record on the last Business Day of each month. Distributions will be paid on a Business Day designated by the Manager that will be no later than the 15th day of the following month. The Fund will not have a fixed monthly distribution amount but intends to at least annually in December each year determine and announce expected monthly distributions for the following calendar year based on the Manager’s and Portfolio Manager’s estimate of distributable cash flow in the Fund. Based on the Manager’s current estimates, the initial monthly cash distribution target for the Fund is $0.04166 per Unit per month ($0.50 per annum). The initial cash distribution will be payable to Unitholders of record on April 30, 2015, based on an anticipated Closing Date of February 24, 2015.
Public Offering: Pursuant to the terms of the Prospectus, up to a maximum 17,250,000 Units (including the over allotment option of 2,250,000 Units) at a price of $10.00 per Unit are being offered to the public by CIBC World Markets Inc., RBC Dominion Securities Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., BMO Nesbitt Burns Inc., GMP Securities L.P., Desjardins Securities Inc., Raymond James Ltd., Canaccord Genuity Corp. Dundee Securities Ltd., Mackie Research Capital Corporation and Manulife Securities Incorporated.