Legal Notice

By accessing or using the Fiera Investments LP website, you acknowledge that you have read, understand and agree to be legally bound by the terms and conditions provided below relating to the use of the website. If you do not agree with the terms and conditions of use, we request that you immediately discontinue your use and no longer access the Fiera Investments LP website. As noted below, the information contained on the website, including the terms and conditions of use, will be changed from time to time without notice. Your continued use of the Fiera Investments LP website following the posted changes will signify your acceptance to the amended terms and conditions of use.

Canadian Investors
This website and the communications contained in this site do not constitute an offer to sell or solicitations to buy any mutual fund or other product, service or information to any person in any jurisdiction where the offer or solicitation is not authorized or cannot legally be made. Securities of the Fiera Investments LP Funds are qualified for sale in all provinces and territories of Canada. Prospective investors who are not resident should consult with their advisors to determine if the Fiera Investments LP Funds may be lawfully sold in their jurisdiction.

Use of Fiera Investments LP website
This website and its contents have been established by Fiera Investments LP. The contents and information contained in the website are for informational and educational purposes only and should not be construed as legal, tax or investment advice. Information contained in the website is believed to be accurate and reliable at the date of posting, however, Fiera Investments LP cannot guarantee that such information is complete or accurate or that it will remain current. The information is subject to change without notice and Fiera Investments LP cannot be held liable for the use of or reliance upon the information contained in the Fiera Investments LP website.

Fiera Investments LP Class Funds
Tax liabilities on investment income and capital gains earned by a mutual fund cannot be mitigated nor can they be fully managed in all circumstances. The risk increases the greater the investment return earned by the mutual fund. As a result, a mutual fund may be required to make taxable distributions to investors in a Fiera Investments LP Tax Class for which a distribution or type of distribution is not optimal or in accordance with their tax preference. The tax efficiency of Return of Capital class and Compound Growth class is enhanced the greater the demand for Dividend class and the Registered Funds.

The payment of distributions for Dividend class and the Return of Capital class should not be confused with a mutual fund’s performance, rate of return or yield. If distributions paid by a mutual fund are greater than the performance of the fund, then your investment will decline. Distributions paid as a result of capital gains realized by a mutual fund and income and dividends earned by a fund are taxable in your hands in the year they are paid. For Return of Capital class, your adjusted cost base will be reduced by the amount of any returns of capital. If your adjusted cost base goes below zero, then you will have to pay capital gains tax on the amount below zero.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in share or unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Use of Tables and Graphs
The rates of return, annual distribution rates and income components comprising a given distribution contained in the tax cases and reflected in certain graphs and tables are for illustrative purposes only utilizing various assumptions to demonstrate the importance of compound growth and the effects of taxation on a given investment. They are not intended to reflect, nor should they be interpreted, as an indication of future values or returns on investment in respect of any Fiera Investments LP Fund.

Intellectual Property Rights
The Fiera Investments LP website is protected by intellectual property laws, including applicable copyright, trademark and patent laws. As a result, you are not permitted to copy, distribute, modify, post or frame-in the website, including any software code, video or audio clips, text, graphics or logo except for your personal and non-commercial use or as otherwise permitted by Fiera Investments LP in writing.

Bluefield Holdings Ltd., an affiliate of Fiera Investments LP, has filed a patent application in respect of the Fiera Investments LP Funds’ multi-class structure. That patent application, and all corresponding rights and obligations have been assigned to Fiera Investments LP, entitling Fiera Investments LP to use the multi-class structure as described in the patent application.

Fiera Investments LP grants to you a non-exclusive, personal, non-transferable, non-sub licensable, limited and revocable right to access, use and display this website on any or other electronic display device of which you are the user. You agree to use the Fiera Investments LP website only for lawful purposes and only for your personal and non-commercial use as outlined above. No other use of the website is authorized unless you have obtained our prior written consent.

Third Party Links
Links to third party websites contained in the Fiera Investments LP website are for convenience only. Fiera Investments LP has not reviewed or approved such sites and is not responsible for the content contained on such websites, including products and services. Linking to a third-party website is at your own risk and Fiera Investments LP is not responsible or liable for any damage suffered as a result of linking.

The privacy and authenticity of any information or instructions communicated over the internet cannot be ensured by Fiera Investments LP. Fiera Investments LP discourages you from using e-mail for sending confidential or sensitive information. If you send e-mail (encrypted or not) to Fiera Investments LP over the internet, you assume the risks of lack of confidentiality and Fiera Investments LP will not be responsible or liable for any resulting loss or damage.

Forward Looking Information
Certain statements contained in the Fiera Investments LP website may contain forward looking statements. These statements consist of views respecting future events or conditions, such as economic or market conditions or company performance, based on assumptions which may cause actual results to differ materially from those expressed by the forward-looking statement. As a result, these statements would typically include words such as “anticipates, believes, intended or estimated.” Factors which could cause such differences are numerous and could include economic, market and political conditions, regulation and changes in legislation, competition, demographics and technological change. Fiera Investments LP disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.

Disclaimer of Liability
The information contained in the Fiera Investments LP website is provided on an “as is” basis, without any representations or warranties. Fiera Investments LP expressly disclaims all express and implied warranties, including those relating to accuracy, timeliness, completeness and fitness for a particular purpose. Fiera Investments LP assumes no responsibility for any loss of any nature or kind (including direct, indirect, special, incidental, economic, consequential or punitive damages), in respect of or in connection with the use or inability to use the Fiera Investments LP website or the information contained in the website. All information, unless otherwise expressly indicated, is unaudited and there is no representation that the financial information has been prepared in accordance with generally accepted accounting principles.

Termination of Use
Fiera Investments LP may restrict, suspend or terminate your access to, and use of, all or any part of the Fiera Investments LP website for any reason at any time in Fiera Investments LP’s absolute discretion and without prior notice or liability.