News and Publications
First issue of The Natcan QSSP II Investment Fund Inc.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus of the funds before investing. The funds securities are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer. The funds are not guaranteed, their values change frequently and past performance may not be repeated. This document is for information purposes only and does not constitute an offer to sell or a solicitation to buy The Natcan QSSP II Investment Fund Inc. While the information provided herein has been obtained from sources we believe to be reliable, we do not guarantee its accuracy or its completeness, and it does not confer any right to purchasers. No securities regulatory authority has in any way passed upon the merits of this Fund and any representation to the contrary is an offence.
Special Release
Montreal, April 21, 2009 - Natcan Investment Management has announced the first issue of Category A shares, Series 2009 of The Natcan QSSP II Investment Fund Inc., formerly known as the Le Fonds d’Investissement Actions-Croissance PME Inc. (the ACCRO Fund).
An excellent opportunity for investors and the Québec economy
Following the changes to the SME Growth Stock Plan (the SME Plan) announced in the Quebec budget on March 19, Natcan Investment Management now offers an instrument that combines the benefits of diversification and professional management and the advantages of the new Stock Savings Plan (the QSSP II plan): the The Natcan QSSP II Investment Fund Inc.
This Fund’s investment objectives are to provide medium- and long-term capital appreciation and to entitle subscribers of Category A Shares, Series 2009 of the Fund to claim a deduction under the QSSP II Plan for income tax purposes for the 2009 tax year. The Fund will therefore invest the proceeds of its issuance of Class A Shares, Series 2009 primarily in Quebec-based companies whose securities qualify for the QSSP II Plan.
The benefits of a diversified approach
This new provincial plan offers businesses improved access to capital, while providing investors with numerous advantages, such as:
- The tax deductions have been increased from 100% to 150% of the adjusted cost of qualifying shares or securities acquired from March 20, 2009 to December 31, 2010
- The minimum period for which qualifying shares or securities must be held has been reduced from three calendar years after the end of the year shares were acquired (i.e., four consecutive December 31) to two calendar years after the end of the year shares were acquired (i.e., three consecutive December 31)
- The maximum size of eligible companies has been increased from $100 million to $200 million in assets
- The process for determining which securities are eligible has been simplified, thereby increasing the number of securities eligible for the Fund.
The first issue of The Natcan QSSP II Investment Fund Inc., Series 2009 begins April 20 and ends on May 15, 2009.
Should you wish to purchase Category A shares, Series 2009 of The Natcan QSSP II Investment Fund Inc., do not hesitate to contact us. A minimum initial investment of $2,000 per subscriber is required.
For Information
Alexandre Dobbie
Assistant Vice President, Distribution
Natcan Investment Management
Tel.: 514-871-7919