Our results at a glance
Together, building a more prosperous, greener and fairer society
Annual returns to the shareholder1
Years ended May 31 (in %)
Annual compound returns to the shareholder2
Year ended May 31, 2020 (in %)
Despite the challenging conditions that prevailed due to the COVID-19 pandemic, the Fonds posted a positive annual return of 0.8%. With record development capital investments totalling $1.4 billion, it exceeded by 40% its projection, in particular to support its partner companies from the onset of the crisis.
2 Please read the prospectus before buying shares of the Fonds de solidarité FTQ. Copies of the prospectus may be obtained on the Website fondsftq.com, from a local representative or at the offices of the Fonds de solidarité FTQ. The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all dividends and do not take into account income taxes payable by any security holder that would have reduced returns. The shares of the Fonds de solidarité FTQ are not guaranteed, their value changes and past performance may not be repeated.
As at May 31 (in millions of $)
Net assets per share
As at May 31 (in dollars)
Development capital investments*
Years ended May 31 (in millions of $)
Number of partner companies
As at May 31 (Fonds and network)
*These investments include funds committed but not disbursed, as well as guarantees and suretyships.
Striving for the success of our businesses, more than ever
Solidarity also means sharing knowledge and know-how. Through training and support programs, the Fonds affirms its willingness to offer more than development capital so that partner companies can always go further.
Consolidating forces to strengthen its leadership position.
Moderco is a company specialized in designing and manufacturing operable acoustic partition systems. With the financial support of the Fonds, it plans to consolidate its operations, currently spread over three different sites, into one location to support its growth and continuously strengthen its leadership position.
An accelerated transformation in a booming market.
In March 2020, the Fonds invested $3 million in Exprolink, a company specializing in designing and manufacturing outdoor cleaning vehicles for cities under the Madvac® brand. Given the ever-increasing demand, Exprolink started to electrify its product line. By supporting this business, the Fonds supports at the same time the Québec transportation electrification industry while driving energy transition projects in Québec.
Investing for the health and wellness of communities.
The Fonds actively contributes to the vitality of the life sciences sector. In April 2020, it invested $7.5 million in financing to IMV, a biopharmaceutical company that continues developing targeted immunotherapies for cancer treatment and a candidate vaccine to prevent COVID-19. It also invested $8.2 million as part of the Initial Public Offering of Repare Therapeutics, which specializes in precision oncology. Not to mention the agreement between pharmaceutical giant GlaxoSmithKline and biotech Medicago for the development and evaluation of a COVID-19 candidate vaccine. Medicago is one of Québec’s success stories that the Fonds trusts and financially supports.
Renewable natural gas: Toward a lower-carbon economy.
In June 2020, the Fonds announced, in partnership with Xebec, a global provider of clean energy solutions, the creation of GNR Québec Capital, a fund whose mission is to support initiatives to process organic waste and convert it into renewable natural gas. This initiative, intended to fund about 15 projects with investments of approximately $400 million in the province over the next decade, is a first in Québec.
For a coherent and just energy transition
At the Fonds, we consider the human, social, and environmental aspects of the transition toward a low-carbon economy. Our action plan is divided into the following four parts:
- Reduce the carbon intensity of our portfolio
- Support Quebec companies in the transition
- Invest in a low-carbon economy
- Assume a leadership role in the just energy transition
Together, meeting the challenges of a world in transition
Beyond financial return, we strive to contribute to society’s well-being through our investments. Our objectives are to create and retain high-quality jobs, to support local and regional economies, and more. Read our 2020 Operations and Sustainability Report online to discover all our initiatives.
Prospectus_EN ( 682 Kb )