Desjardins Global Equity Value Funds: Results of Unitholder Meeting

LÉVIS, QC, May 17 /CNW Telbec/ - The Fédération des caisses Desjardins du Québec, the Manager of the Desjardins family of mutual funds, announced the results of the Desjardins Global Equity Fund's unitholder meeting held May, 17, 2011.

Unitholders of the Fund approved the previously announced proposal to change the Fund's investment objective which will be as follows:

- The objective of the Fund is to achieve income, notably in the form of dividends, as well as long-term capital appreciation by investing primarily in equity and equity-related securities of companies located anywhere in the world, including, when deemed appropriate, emerging markets.

Pursuant to this change of investment objective, the Fund will change its name to Desjardins Global Dividend Fund.

It is expected that the change of investment objective along with the change of name will be implemented on May 18, 2011.

The Manager however reserves the right to reschedule implementation of these changes to a later date, or not to proceed with such changes.

About Desjardins Group

Awarded the coveted title "Bank of the Year 2010 - Canada" by the UK magazine The Banker, Desjardins Group is the leading cooperative financial group in Canada and the sixth largest in the world, with assets of over $184 billion. Drawing on the strength of its caisse network in Québec and Ontario, and its subsidiaries across Canada, it offers a full range of financial products and services to its 5.8 million members and clients. Desjardins specializes in Wealth Management and Life and Health Insurance, in Property and Casualty Insurance, in Personal Services, in Business and Institutional Services. As one of the largest employers in the country and one of Canada's 10 Most Admired Corporate CulturesTM of 2010, Desjardins is supported by the skills of its 42,500 employees and the commitment of nearly 6,000 elected officers. For more information, visit


For further information:

(for journalists only):
André Chapleau
Director, Media Relations
Desjardins Group
514-281-7229 or 1-866-866-7000, ext. 7229

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