Montréal, September 2, 2009 – The Solidarity Fund QFL (the “Fund”) is pleased to announce a commitment of some C$72 million to back Bombardier, a flagship company of the Québec economy.
The Fund is joining other large financial institutions to offer Bombardier a credit facility that will provide the organization with capital on an as-needed basis to continue developing job-creating projects.
As such, the Fund is fulfilling its mission to further the growth of the Québec economy by backing its businesses, in this case, a major job and wealth creator. An added bonus: an opportunity to showcase Québec know-how around the globe.
“With this financing offer, we’re backing Bombardier’s management as well as its thousands of employees and many suppliers who not only make up one of Québec’s most dynamic industrial clusters but also provide an excellent example of value-added manufacturing, an industry that the Fund has been supporting for years,” said the Fund’s chief executive officer, Yvon Bolduc.
About the Solidarity Fund QFLWith net assets of $6.4 billion as at May 31, 2009, the Solidarity Fund QFL is a development capital company that through its RRSP channels the savings of Quebecers into investments in all sectors of the economy to help create and maintain jobs and to further Québec's economic growth. The Fund is a partner, either directly or through its network members, in 2,000 companies. It currently has nearly 571,000 shareholders and has helped, on its own or with other financial partners, to create, maintain and protect nearly 143,000 jobs. For more information, visit
www.fondsftq.com.
Note: The telephone number provided below is for the exclusive use of journalists and other media representatives. Source: Josée Lagacé
Senior Advisor, Press Relations and Communications
Fonds de solidarité FTQ
Telephone: 514 850-4835