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Exchanging shares

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Share exchange in 2018

  • Exchange your shares and receive a Quebec tax credit worth 10% of the value of the exchanged shares
  • Opt to exchange up to $15,000 for shares held for at least 7 years
  • New 7-year holding period required
  • No new investment required and no fiscal impact when making the exchange

Is this option open to you?

In order to qualify for this offer and enjoy the tax credit, you must:

  • Be a shareholder of CRCD
  • Hold shares eligible for exchange by February 28, 2019, that is, shares that have been held for at least 7 years
  • Not have redeemed CRCD shares in the past
  • Be willing to hold your exchanged shares for an additional 7-year period
  • Having received by regular mail a unique transaction code to use for submitting your exchange request

Exchange process

  • CRCD is authorized to exchange $100 million annually for 2018, 2019 and 2020
  • Eligible shareholders have to make an exchange request before January 31, 2019 by filling out the online form or returning the paper form received by mail
  • If a shareholder is selected, the exchange transaction will be recorded by Desjardins in Mid-February

Random selection process

If demand for exchange exceeds the authorized $100 million, there will be a random selection process among all shareholders who indicated their interest. CRCD will inform them in Mid-February whether they have been selected or not.

Main features

  • Available to existing CRCD shareholders who have held shares for at least 7 years and have never requested redemption
  • 7-year minimum holding period for the exchanged shares
  • Minimum annual exchange of $500 to a maximum of $15,000 of the value of the exchanged shares at the time of acceptance by CRCD
  • Quebec tax credit worth 10% of the value of the exchanged shares that is non-refundable and cannot be carried forward from year to year
  • Tax credit may be transferred between spouses
  • Not eligible for RRSPs, RRIFs or any other deferred tax plan (LIRA, LIF)
  • Return not guaranteed

CRCD shares are not garanteed, their value fluctuates and their past performance is not indicative of their futur returns. Investment fees may apply. Please read the prospectus before investing or requesting an exchange.