C-2, r. 0.1 - Regulation respecting the terms and conditions of deposits, funds and portfolios of the Caisse de dépôt et placement du Québec

Section 4 Disposition versions

2012-09-01

4. At the closing of the fiscal period of the general fund, the net result of the investments of the cash flow activities, including the net result of the investments related to the other elements of assets provided for in the fifth paragraph of section 3, is established and the result is apportioned among the depositors in proportion to the value of the participation deposits they hold in all individual funds.

At that closing of the fiscal period, the net result of the investments of activities other than cash flow activities is also established and, after the allocation of the net result of the investments of the cash flow activities, as established in accordance with the first paragraph, the balance of the net result of the investments of the activities of the general fund, other than cash flow activities, is apportioned among the depositors of the general fund in proportion to the number of units of participation held by each one in the fund.

The net result of the investments is made up of the net income or the net loss of investments, gains and losses on the sale of investments and unrealized gain or loss on investments and liabilities related to the investments, less operating and administrative costs allocated to the fund, following the approval for distribution of the costs by the Fund’s board of directors.

At the opening of the fiscal period that follows, the net income is paid to the depositors or the net loss is recovered from the depositors. The same applies to the gains from the sale of investments or the recovered losses from the sale of investments. The payments can be made by issuing units of participation.

O.C. 118-2012, s. 4.