A 12-Month Return of 7.5% for Shareholders of the Fonds de solidarité FTQ

"It pays to invest in Québec!"
- Gaétan Morin

Highlights of the six-month period ended November 30, 2016:

  • Share value: $36.11 (an increase of $1.38 over July 2016)
  • Comprehensive income (profit): $470 million
  • 12-month return: 7.5%
  • 6-month return: 4.0%
  • Net assets grow to $12.2 billion
  • Development capital investments in Québec: $287 million
  • Total tax credits: 30%
  • Deadline for 2016 RRSP contributions: Wednesday, March 1, 2017

MONTRÉAL, Jan. 5, 2017 /CNW Telbec/ - The Fonds de solidarité FTQ today announced that its share value is now $36.11. Setting a new record, this value is $1.38 higher than in July 2016, translating into a 6-month return of 4.0% and 7.5% for the 12-month period of December 1, 2015 to November 30, 2016. These returns do not factor in the tax credits and RRSP deductions granted to shareholders.

Comprehensive income for the 6-month period ended November 30, 2016 is $470 million and net assets grew to $12.2 billion. The Fonds invested $287 million in unsecured risk development capital in Québec during the period.

"Once again, we can say that it pays to invest in Québec! With the Fonds de solidarité FTQ, our shareholders can invest in a class of assets not usually available to the public: Québec-based SMEs. They can thus benefit from the Fonds' investments strategies and the strength of those SMEs," said Gaétan Morin, President and Chief Executive Officer of the Fonds de solidarité FTQ.

Highlights of the Fonds' investments during the six-month period include $6.8 million in Productions horticoles Demers for the construction of a new greenhouse in Drummondville and $8 million to back digital tech firm District M with its expansion in Canada and abroad. The Fonds also participated in financing that enabled Sterinova, a manufacturer of ready-to-use injectable products, to open a plant in St-Hyacinthe. On the innovation front, the Fonds announced a partnership with Quartier de l'innovation de Montréal, leading to the launch of the Innovation Lab at Le Salon 1861. As well, the Fonds has been touring the province since the fall with the Québec government during the "Propulser nos manufacturiers innovants" iniative.

Shareholders' compound annual return

The Fonds' compound annual return (excluding the tax credits) to shareholders is 7.5% for 1 year, 7.3% for 3 years, 6.8% for 5 years and 4.0% for 10 years.

How to contribute to the Fonds de solidarité FTQ

Quebecers can contribute to the Fonds in various ways and benefit from the extra 30% in labour fund tax credits for the 2016 tax year, more specifically:

  • On fondsftq.com, where with just one click they can choose their method of contribution and payment as well as access their account to make online transactions;
  • Through the Fonds' local representatives in the workplace and through its field offices, where they can get help with enrolment and transactions;
  • By calling Shareholder Services at 1 800 567-FONDS (3663).

About the Fonds de solidarité FTQ

The Fonds de solidarité FTQ is a development capital fund that channels the savings of Quebecers into investments. As at November 30, 2016, the organization had $12.2 billion in net assets, and through its current portfolio of investments has helped create and protect over 187,000 jobs. The Fonds is a partner in more than 2,600 companies and has nearly 618,000 shareholder-savers. fondsftq.com

The Fonds de solidarité FTQ on the Web:
Website: www.fondsftq.com
Facebook: www.facebook.com/FondsFTQ 
Twitter: www.twitter.com/FondsFTQ 
YouTube: www.youtube.com/FondsFTQ

Please read the prospectus before buying shares in the Fonds de solidarité FTQ. Copies of the prospectus may be obtained on its website, from a local representative or at the offices of the Fonds de solidarité FTQ. The indicated compounded rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all dividends and do not take into account income taxes payable by any securityholder that would reduce returns. The shares of the Fonds de solidarité FTQ are not guaranteed, their value changes and past performance may not be repeated.

 

SOURCE (FTQ) Le Fonds de Solidarité des Travailleurs du Québec

For further information: Press contact: Patrick McQuilken, Senior Advisor, Media Relations and Communications, Fonds de solidarité FTQ, Telephone: 514 850-4835, Mobile: 514 703-5587, Email: pmcquilken@fondsftq.com

Organization Profile

(FTQ) Le Fonds de Solidarité des Travailleurs du Québec

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