Montréal, December 28, 2007 – Effective today and until May 31, 2008, the Solidarity Fund QFL (the “Fund”) will not accept lump-sum contributions or new requests for pre-authorized withdrawals as it has reached the ceiling for these two types of contributions.
This temporary measure does not affect shareholders who contribute or who wish to begin contributing through payroll deduction or those enrolled in an employer contribution program. It also has no impact on redemptions.
The limit for contributions giving rise to tax credits is $600 million for the current fiscal year.
The Fund continues its usual activities, both in terms of shareholder services as well as investments in businesses and on the financial markets.
About the Solidarity Fund QFL With net assets of over $7.2 billion as at May 31, 2007, the Solidarity Fund QFL is a development capital company that through its RRSP channels the savings of Quebecers into investments in all sectors of the economy to help create and maintain jobs and to further Québec's economic growth. The Fund is a partner, either directly or through its network members, in 1,696 companies. It currently has nearly 575,000 shareholders and has helped, on its own or with other financial partners, to create, maintain and protect over 122,000 jobs. For more information, visit
www.fondsftq.com.
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Note: The telephone number provided below is for the exclusive use of journalists and other media representatives.
Source : Josée Lagacé
Senior Advisor, Press Relations and Communications
Fonds de solidarité FTQ
Telephone : 514 850-4835
Email : jlagace@fondsftq.com