Strong demand for shares of Capital Regional and Cooperative Desjardin‌

During the pre-subscription period from August 30 to September 20, 54,104 people completed an application to subscribe to a total of $ 158.9 million shares, or an average of $ 2,936 per investor.

Of these, 47,700 Quebec taxpayers were selected through a process conducted under the supervision of the Bureau de la Surveillance du Moz‌ment deszardins. The purchase of CRCD shares provides 30% provincial tax credit entitlement to a maximum investment of $ 3,000.

Twentieth Anniversary

Mary-Helen Nolet, COO of Desjardines Capital, the company that manages the CRCD Fund, took advantage of the 20-year opportunity to invest. “Over the past 20 years, CRCD and its partners have committed $ 3.276 billion to more than 1,200 businesses, cooperatives and funds through funding.”

One-third of businesses are in resource areas and three-quarters are from areas other than Montreal and Capitol-National, she said.

Montreal remains the highest-invested region with the support of 208 companies, representing a total of $ 98 million over 20 years. Monterey was second with 141 businesses and $ 563 million.

CRCD has approximately 109,000 shareholders. As of June 30, 2021, it has committed $ 1.6 billion to support the growth of 610 companies. Its net worth is $ 2.4 billion, still as of June 30.

In the first six months of the year, the fund returned 7.8%. In seven years, that is, the minimum mandatory holding period for CRCD shares, the compound return on share is 5.6%, plus the tax credit earned on the acquisition.