National Bank of Canada Completes C$114m Secondary Offering of Class A Shares of Fiera Capital

March 12, 2015

Client: National Bank of Canada

On March 12, 2015, National Bank of Canada (National Bank) completed a secondary offering, through a subsidiary, on a private placement basis, of 9,083,000 class A subordinate voting shares of Fiera Capital Corporation (Fiera) at a price of $12.60 per share for gross proceeds of $114,445,800.

The Offering was completed on a bought deal basis and was underwritten by a syndicate of underwriters led by National Bank Financial Inc., GMP Securities L.P. and Scotiabank, and which also included BMO Nesbitt Burns Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., TD Securities Inc. and Desjardins Securities Inc.

Norton Rose Fulbright Canada LLP acted as counsel to the syndicate of underwriters, with a team composed of Stephen J. Kelly, David Millette, Nicholas Cerminaro and Francis Grignet.