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  5. FSZ: Your response to Barry today re Fiera started with "We have posted some comments today. [Fiera Capital Corporation Class A Subordinate Voting Shares]
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Q: Your response to Barry today re Fiera started with "We have posted some comments today." I couldn't find those comments in other questions or elsewhere. Can you please point me to them?
Thanks!

Asked by James on January 13, 2022
5i Research Answer:

t is a big block of shares, but FSZ is buying and cancelling 3.56M of the 10.68M block, so this will help. But, there will be a discounted price on the sale and this will hurt the stock in the short term. Investors will also worry about the distribution agreement with Natixis, even though the companies say it will not change.This will be bad in the short term, certainly, but may set the company up better for a takeover one day.