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Federation capital shares


The Offering will end at the earlier of the following dates: when $ 500,000,000 of Federation capital shares have been distributed or the date of the receipt for a Federation prospectus offering Federation Capital Shares or December 21, 2016.

Par value per share

Fixed: $10

Qualified investments

Registered plans: an RRSP, FTA, RRIF, LIRA, LIF or locked-in RRSP.

Federation capital shares are not qualified investments for: a TFSA, RDSP, RESP or VRSP.


May not exceed the higher of the following rates:

  • The average annual yield on Government of Canada bonds with a term to maturity of 5 years, determined at the close of markets on the last business day of each month of the applicable fiscal year;


  • 4.25%

Possibility of reinvesting the interest, if any, in additional Federation capital shares.


No fees for purchase and no administrative fees except the administrative fees charged by the Caisses, estimated at a total of $2,000,000 and 0.25% of the average value of Federation capital shares held by their members, which will be paid from the Federation's general funds. Fees may apply on the sale or transfer of Federation capital shares.


The Federation is entitled, by resolution of the Board of Directors and with the AMF's authorization, to repurchase all or part of the outstanding Federation capital shares unilaterally at any time, in accordance with the terms and conditions set forth in more detail in the final short form prospectus.

Learn more

A final prospectus containing important information about the securities described in this document has been filed with the securities regulatory authority in the province of Quebec.

A copy of the final prospectus may be obtained from an authorized representative of Desjardins Financial Services Firm inc. by contacting a member caisse of the Fédération des caisses Desjardins du Québec.

This document does not fully disclose all material facts relating to the securities offered. Investors are recommended to read the final short form prospectus and any amendments thereto in order to obtain information about these facts, particularly the risk factors associated with the securities offered, before making a decision to invest.

  • Final Short Form Prospectus (PDF, 252 KB)
    The final short form prospectus contains material detailed information concerning Federation capital shares.
  1. It is possible that no interest will be paid for a given year. The Federation’s policy regarding the maximum rate of interest on Federation capital shares may be amended at any time.