Federation capital shares


An investment ending at the earliest of the following events: the date on which the $125,000,000 in Federation capital shares will have been invested; the date on which a receipt is obtained for a new prospectus for investment in Federation capital shares; December 21, 2019; or the date on which the Federation decides to end the issue of capital shares. Federation capital shares do not constitute guaranteed deposits under Quebec’s Deposit Institutions and Deposit Protection Act or the Canada Deposit Insurance Corporation Act.

Federation capital share price

Par value: $10

Eligible investments

Registered plans: RRSPs, FTAPs, RRIFs, LIRAs, LIFs and locked-in RRSPs.

Federation capital shares are not eligible for TFSAs, RDSPs, RESPs and VRSPs.


The Fédération des caisses Desjardins du Québec (the Federation) determined that the interest rate that may be paid on Federation capital shares is 4.25%. The Board of Directors of the Federation may, at its sole discretion, change this interest rate or cancel the payment of interest at any time. It is possible that interest may not be paid for a given year, or at all.


No fees upon purchase and no administration fees, except caisse administration fees estimated to be a total of (i) $500,000 and (ii) 0.25% of the average outstanding amount of Federation capital shares held by members; these fees will be deducted from the Federation’s general funds. Fees may apply to the sale or transfer of Federation capital shares.


The Federation has the right, by resolution of the Board of Directors and with the authorization of the Autorité des marchés financiers, to redeem unilaterally, in whole or in part, the outstanding capital shares at any time according to the terms and conditions described in detail in the final simplified prospectus.

For more information

A final prospectus containing important information on the securities described in this document was filed with 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 Federation.

This document does not include all the important facts relating to the securities offered. Investors are advised to read the final simplified prospectus for information on these facts, especially the risk factors pertaining to the securities offered, before making an investment decision.

  • Simplified Prospectus (PDF, 233 KB)
    The final simplified prospectus contains important detailed information on Federation capital shares.
  1. On August 13, 2018, with the withdrawal from the interest in shares reinvestment program, the Board of Directors of the Federation decided to interrupt the payment of interest in Federation capital shares.