Integrated Asset Management Announces Filing of Management Information Circular

TORONTO, May 08, 2019 (GLOBE NEWSWIRE) -- Integrated Asset Management Corp. (“IAM”) (TSX: IAM) announced today that it has filed on SEDAR the management information circular and related voting materials (collectively, the “Meeting Materials”) in connection with its special meeting (the “Meeting”) of its holders of common shares (“IAM Shareholders”) to be held on June 14, 2019 in connection with its previously announced statutory plan of arrangement under the Business Corporations Act (Ontario) pursuant to which Fiera Capital Corporation (“Fiera Capital”) (TSX: FSZ) will acquire all of the outstanding common shares of IAM (the “Transaction”).

IAM expects to complete the mailing of the Meeting Materials on or about May 21, 2019 to IAM Shareholders of record as of the close of business on May 14, 2019, being the record date for the Meeting.

In addition to IAM shareholder and court approvals, the closing of the Transaction is subject to regulatory approvals, IAM’s adjusted cash balance as calculated under the arrangement agreement dated March 21, 2019 between IAM and Fiera Capital being at least $10 million at the effective date and closing conditions customary in transactions of this nature, including approval by the Toronto Stock Exchange for the listing of Fiera Capital shares to be issued. Assuming these conditions are satisfied or waived, the Transaction is expected to close in the second quarter of calendar year 2019.

Further information regarding the Transaction, including copies of the Meeting Materials, are available under IAM’s profile on SEDAR at .

No Offer or Solicitation

This announcement is for informational purposes only and does not constitute an offer to purchase or a solicitation of an offer to sell IAM shares or an offer to sell or a solicitation of an offer to buy Fiera Capital shares.

Forward-Looking Information

Certain information in this news release constitutes forward-looking information for the purposes of applicable securities laws. Forward-looking information and statements can generally be identified by the use of forward-looking terminology such as "anticipate", "estimate", "may", "will", "expect", "believe", "plan" or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results “may”, “could”, “would”, or “might” occur or be achieved.  All statements included in this news release, other than statements of historical facts, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things, statements regarding the timing of the special meeting and related record date, the mailing of the Meeting Materials, the timing of the court hearing for the final order for the Transaction and the anticipated completion of the Transaction and the timing thereof. These forward-looking statements are not facts or guarantees of future performance, but only reflections of estimates and expectations of IAM's management and involve a number of risks, uncertainties, and assumptions that, while considered reasonable by IAM, are inherently subject to significant operational, business, economic, regulatory and other uncertainties and contingencies.

Readers are further cautioned that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and IAM has made assumptions and estimates based on or related to many of these factors. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements and information are the following: the ability to consummate the Transaction; the ability to obtain all required approvals and consents including regulatory, TSX, shareholder and court approvals or to otherwise fulfill all of the conditions precedent to the Transaction, in a timely manner, or at all; changes in general economic, business and political conditions, including changes in the financial markets, changes in applicable laws and other risk factors including those discussed in IAM’s public filings available at and in particular in its most recent annual information form under “Risk Factors”. The foregoing risks and uncertainties are not exhaustive.

Readers are further cautioned not to place undue reliance on forward-looking statements or information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking statements and information contained in this news release are expressly qualified by this cautionary statement. Except as required by law, IAM assumes no obligation to update or revise forward-looking information to reflect new events, information or circumstances.

About Integrated Asset Management Corp.

IAM is one of Canada’s leading alternative asset management companies with approximately $3.1 billion in assets and committed capital under management in private debt, infrastructure debt and real estate as of March 31, 2019. For more information, please visit: . IAM’s common shares trade on the TSX under the ticker symbol IAM.

About Fiera Capital Corporation

Fiera Capital is a leading independent asset management firm with approximately C$144.9 billion in assets under management as of March 31, 2019. The Firm provides institutional, retail and private wealth clients with access to full-service integrated money management solutions across traditional and alternative asset classes. Clients and their portfolios derive benefit from Fiera Capital’s depth of expertise, diversified offerings and outstanding service. Fiera Capital trades under the ticker FSZ on the Toronto Stock Exchange.  

In the U.S., asset management services are provided by the Firm’s U.S. affiliates who are investment advisers that are registered with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training.

Additional information about Fiera Capital Corporation, including the Firm's annual information form, is available on SEDAR at . 

For further information, please contact:

Integrated Asset Management Corp.

John Robertson

President and Chief Executive Officer

416-360-7667