MONTREAL, July 10, 2014 /CNW Telbec/ - Today, Capital rÉgional et
coopÉratif Desjardins (CRCD) confirms the new terms governing the sale
of its shares as of its 2014 issue, consistently with the requirements
set out in the QuÉbec budget tabled on June 4, 2014.
Given that its $1.25 billion capital limit has been reached and pursuant
to its constituting act, for its 2014 issue, CRCD is limited to issuing
an amount equal to the preceding year's redemptions. Accordingly, the
authorized amount for the 2014 issue will be $63 million.
For the 2015 issue, CRCD has been exceptionally authorized by the QuÉbec
government to raise a maximum of $150 million.
The rate of the QuÉbec tax credit on the purchase of CRCD shares is now
Sales of shares for the 2014 issue will begin on October 6, 2014 across
the Desjardins caisse network. Sales for the 2015 issue will begin on
April 13, 2015.
Investors are now required to make an appointment to purchase
CRCD shares, without which no shares can be sold by the caisse. The
period to make an appointment starts two weeks before sales begin:
As of September 22, 2014 for the 2014 issue;
As of March 30, 2015 for the 2015 issue.
To allow as many shareholders as possible to buy in, CRCD share
purchases will be capped at $3,000 per investor for each of the
2014 and 2015 issues, for an annual tax credit of $1,350.
||2014 issue||2015 issue|
Appointments taken as of
||September 22, 2014||March 30, 2015|
Sales begin on
||October 6, 2014||April 13, 2015|
Amount of issue
||$63 million||$150 million|
Tax credit rate
Share purchase cap per investor
About Capital rÉgional et coopÉratif Desjardins
With over 100,000 shareholders and $1,471 million in net assets, Capital
rÉgional et coopÉratif Desjardins (CRCD) is a public company managed by
Desjardins Business Capital rÉgional et coopÉratif. CRCD contributes to
QuÉbec economic development through several levers developed with its
manager, with CRCD as the driving force. These levers form CRCD's
entrepreneurial ecosystem designed to value and nurture the best of
QuÉbec entrepreneurship. Directly or indirectly through its ecosystem,
CRCD supports the growth of over 360 businesses, cooperatives and funds
in various industries spanning all QuÉbec regions, helping to create
and retain 47,000 jobs. (www.capitalregional.com)
SOURCE Capital rÉgional et coopÉratif Desjardins