Class E Investment Shares Dividend rates
Vancity’s Class E Investment Shares are non-voting, equity shares.1 Dividends are declared quarterly and paid annually.2
As an equity investment, the Class E 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 E Investment Shares
| Vancity Class E Investment Shares (Rates effective 2023-04-01) |
2023 Dividend Rate3 |
|---|---|
| 1st Quarter | 5.14% |
| 2nd Quarter | 5.02% |
| 3rd Quarter | TBA |
| 4th Quarter | TBA |
| Previous Rates | 2022 Dividend Rate |
| 4th Quarter | 3.5% |
1 Vancity Class E 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 E Investment Shares are deemed to be paid as interest. Dividends are declared at the discretion of Vancity’s Board of Directors.
3 Effective Q1-2023, the Vancity Board of Directors has approved a dividend rate equal to 2% above the Government of Canada Benchmark Bond Yield – 5 Years (GOC 5 Year).