The 2011 issue of Capital régional et coopératif Desjardins shares has already completely sold out
Montréal, September 14, 2011 – Capital régional et coopératif Desjardins announced today that its 2011 authorized capitalization of $150 million has sold out completely in under four months. Backed by shareholder savings, Capital régional et coopératif is furthering its mission to support the growth of Québec SMEs and cooperatives.
For Capital régional Chairman André Lachapelle, the Company’s shares are an increasingly sought-after financial product with shareholders looking to diversify their investment portfolio, but also to take part in the economic development of Québec’s regions: “Our shareholders expect a positive return over a long horizon. But apart from the return and the 50% tax credit they’re eligible for, there’s every indication that they want to have a hand in the growth of SMEs in all regions of Québec.” Mr. Lachapelle also reiterated that the campaign’s success was primarily due to the excellent work across the Desjardins caisse network which handles the sale of Capital régional shares.
Share sales under the 2012 issue will begin next spring.
About Capital régional et coopératif Desjardins
Capital régional et coopératif Desjardins, this year celebrating its 10th anniversary, is a publicly traded company managed by Desjardins Venture Capital. With over 107,000 shareholders and net assets of $1,082 million, 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 220 companies, cooperatives and funds in various industries spanning all Québec regions. (www.capitalregional.com)