Highlights for the six-month period ended November 30, 2012:
Share at $27.20;
Increase of $0.61 since July 2012;
Net earnings of $198 million;
6 month net return of 2.3%;
12 month net return of 4.7%;
Net assets increase to $8.8 billion;
No limit on the number of shares that can be issued this year.
MONTREAL, Jan. 4, 2013 /CNW Telbec/ - As it prepares to mark its 30th
anniversary, the Fonds de solidarité FTQ (the "Fonds") today announced
an eighth consecutive increase of its share value, which now stands at
an all-time high of $27.20, a $0.61 increase since July 2012.
Net earnings for the six months ended November 30, 2012 were $198
million, and net assets grew to a record $8.8 billion. The Fonds'
return for the period is 2.3%, while the return for the 12 month period
of December 1, 2011 to November 30, 2012 is 4.7%. The compounded annual
return on a shareholder's investment since the Fonds' inception in 1983
"This eighth straight increase in share value is good news for our
owner-shareholders," said Fonds chairman and FTQ president Michel
Arsenault. "Louis Laberge would be proud of the possibilities the Fonds
offers Quebecers planning for their retirement, as well as the Fonds'
commitment towards creating good jobs while supporting Québec
entrepreneurs. Fonds shareholders have helped create, maintain and
protect close to 170,000 jobs here at home and made it possible for our
companies to move forward. Driving our economy, that's what the Fonds
has been all about for 30 years."
"The Fonds de solidarité FTQ has once again managed to hold its own in a
tough global economic climate," added the Fonds' president and chief
executive officer, Yvon Bolduc. "I want to thank our teams, whose
vigilance and professionalism are the reason we were able to achieve
net earnings of $198 million and a 2.3% return despite these
circumstances. We must remain proactive during the semester that has
just started. We will continue to deliver on our mission to back Quebec
companies in their growth which contributes to job creation."
Several ways to contribute to the Fonds RRSP
In addition to the Fonds' local representatives, who are always
available to lend a hand with enrolment and account-related operations,
Quebecers now have a number of other ways to contribute to their RRSPs
and capitalize on the 30% in extra tax credits.
"Nearly 600,000 owner-shareholders now take advantage of the tax breaks
that come with a Fonds RRSP to help them build a better retirement,"
continued Mr. Bolduc. "This past year, the Fonds went one step further
to help Quebecers reach their retirement goals by introducing new
online tools to make it even easier to put money aside."
Workers interested in enrolling in the Fonds de solidarité FTQ during
the RRSP period can do so online at CyberFondsFTQ.com. With a single
clic, they can use the same website to access their accounts and
perform online account-related operations, including subscription and
payment methods. Shareholder Services is also standing by at 1 800
567-FONDS (3663), and finally, the Fonds has 59 field offices open
until March 1 for those who prefer to enrol in person.
There is no limit on the number of shares the Fonds de solidarité FTQ
can issue for the current fiscal year. Any Québec worker can purchase
An RRSP that pays off
Factoring in the 30% in additional tax credits, a shareholder who
invested the same amount each year through payroll deduction would have
earned a compounded annual return of 13.4% over seven years and 10%
over ten years. Shareholders can also take advantage of RRSP tax
savings not included in the return.
About the Fonds de solidarité FTQ
Created in 1983, the Fonds de solidarité FTQ has been driving our
economy for 30 years. With net assets of $8.8 billion as of November
30, 2012, the Fonds is a development capital investment fund that
channels the savings of Quebecers into investments in all sectors of
the economy to help further Québec's economic growth. Its investments
contribute to the creation and maintenance of jobs in Quebec businesses
and favour economic development. The Fonds is a partner, either
directly or through its network members, of more than 2,000 companies.
With its nearly 600,000 owner-shareholders, it has helped, on its own
or with other financial partners, to create, maintain and protect close
to 170,000 jobs. For more information, visit www.FondsFTQ.com.
SOURCE: Fonds de solidarité FTQ
For further information:
Information for media representatives only:
Senior Advisor, Media Relations and Communications
Fonds de solidarité FTQ
Phone: 514 850-4835
Mobile : 514 703-5587
The Fonds de solidarité FTQ on the Web: