Note: The information in brackets describes the audio and visual content of the video that is not dialogue or narration.

[Music]

Narrator: Member dividends… It's all about sharing.

Narrator: Member dividends were created as a way to give back to members like you who choose Desjardins for their financial needs. And in the last few years, we've made changes to member dividends to make them more fair and more accessible.

Narrator: Dividends are also a way to support community-based initiatives that benefit everyone. This is what we mean when we talk about community dividends.

Narrator: Let's start with member dividends.

There are 2 categories of member dividends: volume dividends, which recognize the amount of money you entrust to your cooperative, and product dividends, which recognize that you have at least 1 product from each major product line.

Narrator: Like the name says, the volume dividend is a personalized amount based on your business volume in each product line: Accounts, Loans, lines of credit and credit cards, and savings and investments.

Narrator: For accounts, loans, lines of credit and some investment products, volume dividend calculations are based on the average balance maintained during the year. For credit cards, they're based on total net purchases, and for wealth management investment services, they're based on the fees and commissions paid.

Narrator: For every $1,000, an amount will be added to your volume dividend.

Narrator: The product dividend, which can be up to $50, is paid to members who have at least 1 product from each of the 3 major product lines over the year.

Narrator: Member dividends are our way of thanking you for choosing Desjardins.

Narrator: Dividends are also a way to support local initiatives that improve the quality of life of communities. These are called community dividends.

Narrator: Your caisse's Community Development Fund supports causes that are important to you, so that together we can build a better, stronger future for all of us.

Narrator: This year, Desjardins caisses will pay out 403 million dollars in member dividends, and nearly 53 million dollars in community dividends.

Narrator: Because when it comes to member dividends, it's all about sharing.

[Desjardins Logo]

[desjardins.com/dividends]

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