Random Selection Conditions
The Fonds de solidarité des travailleurs du Québec (FTQ) (the "Fonds") will issue, for a limited time, Class "A" shares, Series 1 and Series 2 (the "Share" or collectively the "Shares"), for a maximum amount of at least $75 million (the "Authorized Amount") pursuant to a random selection. Randomly selected savers will be able to acquire Shares by contributing a maximum total amount of $5,000 via bank withdrawals between June 1, 2024, and May 31, 2025.
By submitting a registration form, and subject to applicable law and the current prospectus, the saver acknowledges and represents that they meet the eligibility criteria and have read and accept the terms and conditions set forth herein.
Terms of participation
Registration
- The registration period will begin on May 6, 2024, and end on May 20, 2024 at 11:59 p.m. (the "Registration Period").
- To acquire Shares by contributing via bank withdrawals, the saver must register for the random selection by filling out the online registration form, available on the Fonds' website at https://www.fondsftq.com/en/personal/random-draw.
- Only one random selection registration form may be submitted per saver. The probability of being selected is the same for all registered savers.
- The email address provided during registration must be the one associated with your online Fonds account. If you're selected but don't yet have an account, you will need to use this address to open one.
- The Fonds reserves the right to verify any information provided on the registration form, including the identity and eligibility of the saver. Any incomplete, inaccurate, or fraudulent random selection entries submitted by a saver may be rejected and the saver, disqualified.
- In order to proceed with the random selection, the Fonds must collect, disclose, and use the personal information provided by the saver to complete their registration, in accordance with the Fonds' Protection of Personal Information Notice.
- To be eligible, savers must be residents of Québec and 18 years of age or older. The concept of resident is that of the Québec Taxation Act.
- When filling out the registration form, savers must indicate the total amount they wish to invest, up to a maximum of $5,000 (the "Total Desired Amount").
- Following the random selection, selected savers will receive an email containing a unique six-character code (the "Unique Code") authorizing them to acquire Shares by contributing via bank withdrawals up to the Total Desired Amount indicated on the registration form.
- Each Unique Code is valid for 10 days following receipt of the email (the "Contribution Period"). After the 10-day Contribution Period, the Unique Code will automatically expire and the saver will no longer be able to acquire Shares through the random selection.
- Each Unique Code is exclusive to the selected saver and can only be used once. It may not be exchanged, transferred, or sold to any other person, in whole or in part.
- At the end of the Registration Period (i.e., May 20, 2024), the Fonds will calculate the sum of Total Desired Amounts indicated on all eligible registration forms received. If the total is less than the Authorized Amount, all eligible registered savers will receive an email inviting them to acquire Shares by contributing via bank withdrawals up to the Total Desired Amount indicated on their registration form.
- At the end of the Registration Period (i.e., May 20, 2024), the Fonds will calculate the sum of Total Desired Amounts indicated on all eligible registration forms received. If the total exceeds the Authorized Amount, a random selection will be held on June 1, 2024, among all eligible savers.
- A list will be drawn up at random to determine the order of priority for selected savers who will have the opportunity to acquire Shares by contributing via bank withdrawals.
- The randomly selected savers will receive an email containing a Unique Code authorizing them to contribute via bank withdrawals up to the Total Desired Amount indicated on their registration form.
- If amounts remain available after this period, the next savers on the initial list will receive an email inviting them to acquire Shares by contributing via bank withdrawals, until the Authorized Amount is reached.
- The total contribution amount must be between $10 and the Total Desired Amount.
- Acquisition of Shares via bank withdrawals must be made online through the Fonds' website or by phone with a Fonds Saving Services agent.
- Withdrawals can be scheduled between June 1, 2024, and May 31, 2025.
- Acquired Shares must be transferred to a savings plan at the Fonds: either an RRSP+, spousal RRSP+, or non-RRSP+ account.
- It is the responsibility of the selected saver to ensure that their subscriptions to the Fonds are eligible for the tax credits[1] and RRSP-related deductions. An acquisition of Shares does not automatically entitle you to tax credits.
- The Fonds reserves the right to accept or reject any subscription application, in whole or in part.
- Shares will be issued at the price prevailing at the time of subscription.
- The Fonds reserves the right to modify, suspend, cancel, or terminate any Share purchase method offered. The Fonds will announce any changes in this regard by way of press release.