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 25 Disposition versions

2012-09-01

25. At the closing of the fiscal period of a specialized portfolio, the net result of investments of the portfolio is established and apportioned among the holders of units of participation in proportion to the number of units of participation held by each one.

The net result of investments of a specialized portfolio 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 portfolio, following the approval for distribution of the costs by the Fund’s board of directors.

At the opening of the following fiscal period, the net income is paid to the funds or the net loss is recovered. The payments can be made by issuing units of participation.

O.C. 118-2012, s. 25.