Class C Investment Shares Dividend rates
Vancity’s Class C Investment Shares are non-voting, equity shares.1 Dividends are declared quarterly and paid annually.2
As an equity investment, the Class C Investment Shares are not deposits: returns are not guaranteed, and the funds are not eligible for deposit insurance.
These shares are not currently for sale.
Rates apply to non-registered, RRSP and RRIF Class C Investment Shares
| Vancity Class C Investment Shares (Rates effective 2023-04-01) |
2023 Dividend Rate3 |
|---|---|
| 1st Quarter | 4.55% |
| 2nd Quarter | 4.12% |
| 3rd Quarter | 0.00% |
| 4th Quarter | 0.00% |
1 Vancity Class C Investment Shares are subject to the rights and restrictions as set out in the Vancity Rules.
2 Pursuant to the Income Tax Act (Canada) dividends paid by Vancity on Class C Investment Shares are deemed to be paid as interest. Dividends are declared at the discretion of Vancity’s Board of Directors.
3 The current policy states that the dividend rate is set at the greater of 1.60% or 1% above the Government of Canada 3-5 year Bond rate. The dividend payment is calculated on the closing daily balance.