Montréal, January 22, 2019 – Beginning today, January 22, 2019, and until the end of its financial year on May 31, 2019, the Fonds de solidarité FTQ will no longer accept lump-sum contributions. The Fonds will continue to accept subscriptions from shareholder-savers enrolled in payroll deduction and pre-authorized withdrawals.
This measure was first announced in July 2018 and mentioned in subsequent public communications made by the Fonds.
About the Fonds de solidarité FTQ
The Fonds de solidarité FTQ is a development capital investment fund that channels the savings of Quebecers into investments. As at November 30, 2018, the organization had $14.8 billion in net assets, and through its current portfolio of investments has helped create and protect more than 194,000 jobs. The Fonds is a partner in more than 2,800 companies and has more than 667,000 shareholder-savers.