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Share price and return

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Changes in share price

Share price is set twice a year, on December 31 and June 30, and published within 90 days after those dates (about mid-February and mid-August). Share price becomes effective immediately on adoption by CRCD’s Board of Directors.

Shareholder returns

To evaluate shareholder return, the tax credit, which reduces the cost of acquiring shares, must be factored in. For information purposes, at the actual price of $15.34, shareholders who invested seven years earlier would obtain an annual after-tax return of more than 12.6%, taking into account the 50% income tax credit as per the rate applicable on February 14, 2012.

Compounded return of the share as at December 31, 2018

The compounded return is calculated based on the annualized change in the price of the share over each of the periods shown.

The return rate are used only to illustrate the effects of the compound growth rate and are not intended to reflect future values of the investment fund or returns on investment in the investment fund.

There are ongoing fees and expenses associated with owning shares of an investment fund. CRCD must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents. The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all dividends or distributions if applicable and do not take into account any redemption or optional charges if applicable or income taxes payable by any securityholder that would have reduced returns.

CRCD annual return

The following chart shows the Company’s annual returns and illustrates the change in returns from one period to the next since its inception. Annual return is calculated by dividing income (loss) per share for the period by the share price at the beginning of the period.

The value of an investment in CRCD’s product and its rate of return change frequently and past performance may not be repeated. CRCD’s securities are offered under a prospectus containing important detailed information relating to these securities, particularly in respect of fees and expenses. Before investing, read the prospectus. To learn more

Actual share price