Fondaction's share set at $16.73 following the 6-month period ended November 30, 2024

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

For further information, please contact: Marie-Christine Fiset, Senior Advisor, Communications and Public Relations, Email: [email protected]