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Press releases

May 15, 2019

Fonds de solidarité FTQ Invests $8.8 Million in Milestone Pharmaceuticals IPO

As an investment partner of Montréal-based Milestone Pharmaceuticals since 2011, the Fonds de solidarité FTQ is proud to contribute to a new milestone in the development of this late-stage biopharmaceutical company developing therapies for the treatment of episodic cardiovascular conditions. By investing $8.8 million in Milestone's initial public offering (IPO), the Fonds is reaffirming its confidence in the company and its team and highlighting the outstanding work of Dr. Philippe Douville, a visionary entrepreneur who has identified a promising market for which no drug has been authorized for nearly 25 years.

January 22, 2019

Cap on shares issued has now been reached

The cap on shares issued for the Fonds’ 2018-2019 fiscal year has now been reached. Starting today, the Fonds cannot accept contributions by one-time payment, either by cheque or automatic bank transfer, until May 31, 2019. However, this cap does not affect savers who have signed up (or who wish to sign up) for payroll deductions or automatic bank withdrawals.

January 5, 2019

Fonds de solidarité FTQ Posts 12-Month Return of 5.8%

In the first six months of its 2017-2018 financial year, the Fonds de solidarité FTQ posted comprehensive income (profit) of $314 million for the benefit of its 667,000 savers. Share value is now $41.61, for a shareholder return of 2.2% for the six-month period ended November 30, 2018, and a 12-month return of 5.8%. Net assets grew to $14.8 billion.

Created in 1983, the Fonds de solidarité FTQ is a development capital fund that calls upon the solidarity and savings of Quebecers to help fulfill its mission to contribute to Québec's economic growth by creating and protecting jobs through investments primarily in small and medium-sized businesses in all spheres of activity.

The Fonds also seeks to encourage Quebecers to save for retirement and to offer its over half a million shareholders-savers a reasonable return over and above the outstanding tax benefits they receive for purchasing Fonds shares. A leading purveyor of unsecured risk capital (growth and venture capital), the Fonds continues to drive our economy.

Please read the prospectus before buying Fonds de solidarité FTQ shares. Copies of the prospectus, from a local representative or at the offices of the Fonds de solidarité FTQ. The shares of the Fonds de solidarité FTQ are not guaranteed, their value changes and past performance may not be repeated.