Highlights of the 6-month period ended November 30, 2024
- Share value of $16.73, up
$0.58 from the value established
following the fiscal year ended May 31,
2024
- Shareholder return of 3.6% for the 6-month period
- Compound shareholder returns: 9.8% over 1 year; 0.5% over 3
years; 5.7% over 5 years and 5.4% over 10 years, excluding tax
credits
- Comprehensive income of $138.8M
for the 6-month period
- Net assets reached $3.99B on
November 30, 2024, up $221.5M or 5.9% from $3.77B as at May 31,
2024
- 222,366 shareholders, an increase of 0.4% compared with
May 31, 2024
MONTREAL, Dec. 23,
2024 /CNW/ - Fondaction announces that as of today,
its share value is set at $16.73.
This represents an increase of $0.58.
For the 6-month period ended November 30, 2024, shareholder
return was 3.6% and return over the last 12 months was 9.8%.
Share value following the 6-month period ended May 31, 2024
was $16.15.
"Our shareholders are preparing for retirement and want their
savings to have a positive impact on society and the planet.
Because the economy needs to become fairer, more inclusive, greener
and more performant, and because it's the companies that are
already offering products and services that contribute to this
positive transformation that will be the champions of tomorrow.
Investing in these companies is therefore not only socially
beneficial, but also financially profitable. Our actions and
results show that we can offer a product that both helps people who
need to save and drives positive change. That's what the Fondaction
team works on every day," says Geneviève Morin, CEO of
Fondaction.
Fondaction's annual compound shareholder returns are 9.8% over
1 year, 0.5% over 3 years, 5.7% over 5 years and
5.4% over 10 years, calculated based on the variation of the
share value between its value at the start of each indicated period
and the value of $16.73 as at
November 30, 2024. These returns do not take into account tax
credits that could be granted to taxpayers when subscribing to
Fondaction shares, subject to their eligibility.
For the 6-month period ended November 30, 2024, the gross
return generated by development capital investments was 3.6% and
the gross return generated by other investments was 6.6%.
Total operating expense ratio was at 1.09% for the 6-month
period ended November 30, 2024, compared to 1.17% for the
6-month period ended November 30, 2023.
Net assets increased by 5.9% over the 6-month period, rising to
$3.99B as at November 30,
2024.
On November 30, 2024, Fondaction had
222,366 shareholders, 0.4% more than on May 31, 2024.
Share issuance totalled $190.6M,
compared with $211.2M as at
November 30, 2023. Redemptions and purchases by agreement of
shares totalled $108.0M, compared
with $85.4M as at November 30,
2023.
Each shareholder rate of return indicated represents the
historical annual compounded total rate of return including changes
in share value and reinvestment of all dividends, as applicable,
and does not take into account income taxes payable by any
shareholder that would have reduced the return. The rate of return
serves only to illustrate the effects of the historic growth rate
and is not intended to reflect any future share values or the
return on an investment in the shares. There are ongoing costs
associated with owning shares in an investment fund. Fondaction
shares are not guaranteed. They are an investment whose value and
performance will fluctuate, and past performance should not be
taken as an indication of future performance. Before investing,
please read the prospectus at fondaction.com/prospectus.php.
About Fondaction
A forerunner for over 25 years, Fondaction is the
investment fund for individuals and companies that are mobilizing
for the positive transformation of Quebec's economy, making it fairer, more
inclusive, greener and more performant. As a labour-sponsored fund
created at the initiative of the CSN, Fondaction represents tens of
thousands of savers and hundreds of companies committed to helping
Quebec progress. It manages more
than $3.99B in net assets, as at
November 30, 2024, invested largely in hundreds of businesses
and on the financial markets, prioritizing investments that
generate positive economic, social and environmental spinoffs in
addition to a financial return. Fondaction helps maintain and
create jobs, reduce inequalities and combat climate change. For
more information, visit fondaction.com or our LinkedIn page.
SOURCE Fondaction
