46,635 investors show interest in Capital régional et coopératif Desjardins shares
Demonstrating their support for Québec's SMEs and cooperatives
Montreal, September 26, 2023 – The pre-subscription period for Capital régional et coopératif Desjardins (CRCD), which ran from August 28 to September 18, 2023, ended with 46,635 people had completed an application to subscribe for shares in an aggregate amount of over $137 million. With the authorized limit set at $59,751,100 by the Québec government, 20,319 Québec taxpayers will be able to benefit from the provincial tax credit of 30%.
In accordance with the terms of the offering prospectus, investors who can purchase shares were selected at random on Monday September 25, 2023, under the independent supervision of the Desjardins Group Monitoring Office. All those who completed an application will be advised by email or regular mail starting September 26, 2023. All investors selected will have until 5:00 p.m. on October 30, 2023, to complete their subscription. All selected investors, whether or not they are already CRCD shareholders, will be able to subscribe directly online via AccèsD. Investors who do not use AccèsD and those seeking advice could set up an appointment with an advisor in a Desjardins caisse.
If any selected investors do not complete a share purchase, the next investors on Monday’s randomly established list will be contacted as of November 2, 2023, until the authorized issue limit is fully reached.
About Capital régional et coopératif Desjardins
With more than 112,000 shareholders, Capital régional et coopératif Desjardins (CRCD) is a public company with $2,586 million in net assets. CRCD contributes to Québec economic development through several levers developed with its manager, Desjardins Capital. These levers, with CRCD as the driving force, form an entrepreneurial ecosystem designed to value and nurture the best of Québec entrepreneurship. As at June 30, 2023, $2,301 million in commitments had been made through CRCD’s ecosystem to support the growth of 770 businesses, cooperatives and funds in various industries spanning all Québec regions.
CRCD shares are not guaranteed, their value fluctuates and their past performance is not indicative of their future returns. Investment fees may apply. Please read the prospectus online before investing.