Capital régional et coopératif Desjardins 2011 share issue on sale starting May 25 through the Desjardins caisse network
Montréal, May 10, 2011 – Capital régional et coopératif Desjardins shares will be offered for sale through the Desjardins caisse network starting May 25. In its last budget, the Québec government recognized the contribution of Capital régional to the economy of the regions and raised the Company’s total capitalization limit to $1.25 billion, allowing it to offer shares for the 2011 issue in the amount of $150 million.
Capital régional et coopératif Desjardins played a key role in Québec’s economy in 2010, with a portfolio as at December 31 boasting commitments in 238 companies, funds and cooperatives for a total of $674 million securing more than 36,000 jobs.
Investors who wish to show their support for the development of Québec SMEs and cooperatives may purchase shares up to a maximum amount of $5,000 and enjoy a 50% tax credit, which comes to $2,500. For information purposes, shareholders who invested seven years ago obtain an annual after-tax return of about 9% taking into account their income tax credit of 50%.
About Capital régional et coopératif Desjardins
Founded in 2001, Capital régional et coopératif Desjardins is a publicly traded company managed by Desjardins Venture Capital. With over 111,000 shareholders, the Company contributes to Québec’s economic development while driving the growth of cooperatives and the resource regions. Capital régional et coopératif Desjardins currently supports more than 230 companies, cooperatives and funds in various industries spanning all Québec regions. (www.capitalregional.com)