Rumours About Construction of "The Touch" Yacht: the Fonds Will Protect Its Shareholders

MONTREAL, Jan. 29, 2014 /CNW Telbec/ - In light of the rumours circulating about construction of the "The Touch" yacht, the Fonds de solidarité FTQ would like to reassure its shareholders.

Following the audit of the Accurso group ordered by the tax authorities, the Fonds will assert its rights to protect its shareholders if it was adversely affected in the Touch construction case.

The Fonds de solidarité FTQ was no longer a shareholder of Hyprescon when the rumours concerning the Touch were brought to its attention in 2009.

Since other facts subsequently came to light that contradict this rumour, it has been impossible to confirm the information, particularly since the Fonds does not have access to the tools and techniques used in police investigations. Based on the official documents available to the Fonds as a shareholder (in particular, financial statements), the Fonds can neither confirm nor deny the rumours.

In essence, the Fonds' information concerning this matter is contradictory and inconclusive; however, if the rumours are true, the Fonds would view such a situation as completely unacceptable.

About the Fonds de solidarité FTQ

The Fonds de solidarité FTQ helps drive our economy. With net assets of $9.7 billion as of November 30, 2013, the Fonds is a development capital investment fund that channels the savings of Quebecers into investments in all sectors of the economy to help further Québec's economic growth. Its investments, in all sectors of the economy, contribute to the creation and maintenance of businesses and development in Quebec. The Fonds is a partner, either directly or through its network members, in close to 2,400 companies. With its more than 615,000 owner-shareholders, it has helped, on its own or with other financial partners, to create, maintain and protect more than 170,000 jobs. For more information, visit www.FondsFTQ.com.

SOURCE: Fonds de solidarité FTQ

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