European Strategic Balanced Fund Closes Initial Public Offering

27/05/2014     Page view:446

TORONTO, ONTARIO--(Marketwired - May 27, 2014) - Artemis Investment Management Limited ("Artemis") is pleased to announce that European Strategic Balanced Fund (the "Fund") has completed its initial public offering (the "Offering") of 3,250,000 units at a price of $10.00 per unit, for gross proceeds of $32.5 million. The units will commence trading on the Toronto Stock Exchange today under the ticker symbol EBF.UN.

The Fund's investment objective is to seek attractive risk-adjusted total returns and lower volatility in European equities and fixed income securities by investing in three actively managed strategies.

To achieve its investment objectives, the Fund will invest the net proceeds of the Offering in the following underlying portfolios: (a) an equity momentum portfolio; (b) an equity value portfolio; and (c) a fixed income portfolio. These three strategies are well diversified and complementary and are expected to deliver stable and attractive risk-adjusted performance throughout Europe's market and business cycles.

Fiera Capital Corporation ("Fiera") and Landry Investment Management Inc. ("Landry") are the investment advisors to the Fund. Landry is the investment advisor for the equity momentum portfolio and equity value portfolio and Fiera is the investment advisor for the fixed income portfolio.

Artemis is a Canadian-based investment manager that seeks to provide investors with the opportunity to achieve world-class portfolio allocation by facilitating efficient access to alternative investment opportunities. Artemis' mandate is to provide access to long-term superior investment returns generated by leading managers of alternative investment funds.

The syndicate of agents for the offering was led by Scotiabank and included BMO Capital Markets, National Bank Financial Inc., RBC Capital Markets, CIBC, TD Securities Inc., Canaccord Genuity Corp., GMP Securities L.P., Raymond James Ltd., Desjardins Securities Inc., Laurentian Bank Securities Inc., Industrial Alliance Securities Inc., Mackie Research Capital Corporation, Manulife Securities Incorporated and Sherbrooke Street Capital (SCC) Inc.

The Fund has granted the agents for the Offering an over-allotment option to acquire additional units on the same terms exercisable at any time during the next thirty days.

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