Press Release
Over 46,000 requests for Capital régional et coopératif Desjardins shares
$125 million for socioeconomic development in Quebec
Montreal, September 25, 2024 – The pre-subscription period for Capital régional et coopératif Desjardins (CRCD) shares was August 26 to September 16, 2024. A total of 46,237 requests were received, with a total dollar value of over $136 million. The Quebec government authorized CRCD to issue $125 million in shares for 2024. That means 42,442 Quebec taxpayers will be able to buy shares allowing them to claim a 30% provincial tax credit.
As stated in the prospectus, investors were selected at random on Monday, September 23, 2024. The process was independently supervised by the Desjardins Group Monitoring Office, and a list was created that fairly determines the order for contacting all individuals who duly completed a request. The selected subscribers will have until 4 p.m. on October 28, 2024, to purchase their shares. If requests are withdrawn, the next person on the list will be contacted, until the subscription limit for this issue has been met.
CRCD shares are not guaranteed; their value fluctuates, and their past performance is not indicative of future returns. Investment fees may apply. Please read the prospectus before investing.
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