Class B Investment Shares: Solid. Growth. The Paris Dam - Paris - Al Siemens
Class B Investment Shares
There's an exciting investment opportunity now available at Your Neighbourhood Credit Union! For a limited time, YNCU Members can invest in a new series of Class B Investment Shares. These shares offer you the potential to realize an attractive rate of return, while helping your Credit Union boost share capital. YNCU's annual dividend policy rate is 1% above the average 5-year GIC rates offered by the big five Canadian chartered banks.
Additionally, the Board of Directors will pay a special one-time enrollment bonus to purchasers of this offering of Series 4 Class B Investment Shares. This enrollment bonus will be 1% of the principal amount of new Class B Investment Shares, and will be paid in the form of additional new Class B Shares.
Investment Shares are also RRSP and TFSA eligible, and are a good way of maximizing long-range financial goals. These shares are an ideal option for investment portfolio diversification. These Class B Investment Shares are not guaranteed by the Deposit Insurance Corporation of Ontario, but are backed by the performance and strength of Your Neighbourhood Credit Union. Ask at your branch for a summary of our dividend payment record.
You may purchase a minimum amount of $1,000 (at $1 per share) up to a maximum of 5% of the new Class B Investment Shares offering. The total of shares offered will be a minimum of $10,000,000 to a maximum of $24,000,000. These Investment Shares will be available only as long as the supply lasts. We are anticipating strong member interest and accordingly, member inquiries will be handled on a first-come, first-served basis.
Contact your branch today to find out more and reserve your copy of the Offering Statement which contains important information that all interested investors must receive. Receiving a copy of the Offering Statement and/or discussing this opportunity with us does not obligate you to purchase shares, nor does it reserve shares in your name.
We encourage all Members to consider this exciting, new investment option available only at your Credit Union!
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