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Exchanging shares

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Share exchange in 2018

Registration period delayed

  • 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

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

Exchange process

Shareholders interested in this new provision may exchange their eligible shares, that is, shares they have held for at least 7 years, by filling out the appropriate form (mail or online). The registration period for the exchange will be determined shortly.

All details will be sent by mail at the appropriate time to shareholders who meet the eligibility criteria.

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.

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.