The Fonds de solidarité FTQ today announced that its share value is now $36.11. Setting a new record, this value is $1.38 higher than in July 2016, translating into a 6-month return of 4.0% and 7.5% for the 12-month period of December 1, 2015 to November 30, 2016. These returns do not factor in the tax credits and RRSP deductions granted to shareholders.
Comprehensive income for the 6-month period ended November 30, 2016 is $470 million and net assets grew to $12.2 billion. The Fonds invested $287 million in unsecured risk development capital in Québec during the period.
“Once again, we can say that it pays to invest in Québec! With the Fonds de solidarité FTQ, our shareholders can invest in a class of assets not usually available to the public: Québec-based SMEs. They can thus benefit from the Fonds’ investments strategies and the strength of those SMEs,” said Gaétan Morin, President and Chief Executive Officer of the Fonds de solidarité FTQ.
How to contribute to the Fonds de solidarité FTQ
Quebecers can contribute to the Fonds in various ways and benefit from the extra 30% in labour fund tax credits for the 2016 tax year, more specifically:
- On fondsftq.com, where with just one click they can choose their method of contribution and payment as well as access their account to make online transactions;
- Through the Fonds’ local representatives in the workplace and through its field offices, where they can get help with enrolment and transactions;
- By calling Shareholder Services at 1 800 567-FONDS (3663).
Shareholders’ compound annual return
The Fonds’ compound annual return (excluding the tax credits) to shareholders is 7.5% for 1 year, 7.3% for 3 years, 6.8% for 5 years and 4.0% for 10 years.