Montréal, May 1, 2009 – The Fonds de solidarité FTQ (“Fonds”), the sole limited partner of Solim I and II, has ordered an internal audit in the matter of a loan granted for a revitalization project on Montréal’s South Shore. The Fonds’ comptroller, André McDonald, has been assigned to examine the $1.1 million loan file. “Mr. McDonald will determine whether the authorization given by Solim’s consulting committee is in conformity with the transaction documents. Mr. McDonald will have until Monday, May 11th to submit his report,” said Yvon Bolduc, President and Chief Executive Officer of the Fonds de solidarité FTQ.
The Fonds has agreed with Guy Gionet, the manager of the limited partnership, to entrust the management of Solim I, Solim II, FONDIM and all the other companies associated with the general partner, to Solim’s vice-president of finance, Monique Cardinal, who during this period will report to the Fonds’ vice-president of due diligence and administration, Michel Coulombe, C.A..
About the Fonds de solidarité FTQ
With net assets of $6.2 billion on November 30, 2008, the Fonds de solidarité FTQ is a development capital fund that through its RRSP channels the savings of Quebecers into investments in all sectors of the economy to help create and maintain jobs at home and further Québec's development. The Fonds is a partner, either directly or through its network members, in 1,881 companies. Thanks to its almost 575,000 shareholders, the organization has helped, on its own or with other financial partners, to create, maintain or protect over 126,000 jobs. For more information, visit www.fondsftq.com.
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Information: The telephone numbers below are for journalists and other media representatives only.
Source : Isabelle Perras
Fonds de solidarité FTQ
Téléphone : 514 594-0246