Fonds de solidarité FTQ Donates $35,000 to Red Cross to Help Québec Flood Victims

Information concerning redemption of Fonds de solidarité FTQ shares in case of a loss

MONTRÉAL, April 26, 2019 /CNW Telbec/ - As hundreds of homes are flooded throughout Québec, the Fonds de solidarité FTQ is making a $35,000 donation to the Red Cross. Such donations allow the organization to offer disaster relief services to evacuees in the affected communities.

To donate to the Québec Flood Appeal, please go to the Red Cross website at www.redcross.ca or call 1 800 418-1111.

Share redemption in case of a loss

Fonds de solidarité FTQ shareholders whose homes have been damaged by the flooding can ask the Fonds to redeem their shares.

Under the Fonds' purchase-by-agreement policy, as approved by the Government of Québec, certain conditions must be met and the following documents provided when requesting a redemption for a loss pertaining to a principal residence:

• The Fonds form titled "Loss Pertaining to Principal Residence," including the shareholder's solemn declaration attesting to the financial inability to pay the consequences of the loss;
• Proof of the loss;
• Proof of partial indemnification or absence of indemnification;
• Proof of the costs related to the loss for the repair or replacement of the assets damaged by the loss;
• Proof that all redeemable family investments have been liquidated and used up to pay part of the costs related to the loss or that the family investments are not redeemable.

All shares are eligible for redemption up to the amount required to cover all or a substantial part of the costs incurred for the purchase to replace an asset with the same characteristics. Shareholders who cash in their shares under this criterion cannot purchase Fonds shares for one year after the redemption.

Shareholders requiring assistance can call Saving Services:

• Montréal: 514 383-3663
• Québec City: 418 628-3663
• Elsewhere in Québec (toll free): 1-800-567-3663

About the Fonds de solidarité FTQ
The Fonds de solidarité FTQ is a development capital investment fund that channels the savings of Quebecers into investments. As at November 30, 2018, the organization had $14.8 billion in net assets, and through its current portfolio of investments has helped create and protect more than 194,000 jobs. The Fonds is a partner in more than 2,800 companies and has over 667,000 shareholder-savers.

SOURCE Fonds de solidarité FTQ

Information for media representatives only: Patrick McQuilken, Senior Advisor, Media Relations and Communications, Fonds de solidarité FTQ, Phone: [phone], Mobile: [phone], Email: [email protected]