The Foundation investment fund on Thursday announced a slight decline of 2.8% in its return for the 12-month period ended May 31.
The net result brings the share value to $15.45, contrasting with the strong growth of 22.7% observed a year earlier.
Net assets rose 5.1%, from $1.96 billion to $3.11 billion year over year, according to Fondaction, which crossed the 200,000 mark shareholders.
As at May 31, Fondaction had 24,700 new contributors, bringing the number of its shareholders to a record 202,918 shareholders, an increase of 11.4%.
The return on development capital investments (DCI) posted a solid result of 5.4% to reach $1.66 billion during the same period.
The fund has injected in 2022 more than $309 million in new investments in development capital, venture capital, mezzanine debt and in the real estate sector. in Québec companies and on markets f financial instruments according to a sustainable finance strategy, makes it a more resilient savings vehicle in a context of volatility,” said Geneviève Morin, President and CEO of Fondaction.
Katrine Johns has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Gal Post, Katrine Johns worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my email@example.com 1-800-268-7128