Investment Shares

Yes. They are low-risk investments.

Investment Shares are considered capital investments in the credit union and are not guaranteed through the Financial Services Regulatory Authority of Ontario (FSRA) or any similar public agency.

Kindred is a solid financial cooperative with a decades-long track record of sustainable growth and prudent fiscal management. Kindred has declared a dividend on the current series of Investment Shares every year since 2005, even in the midst of the financial crisis in 2007 – 2008. Similar to corporate bonds, investment shares are backed by the credit worthiness of the issuer – in this case, Kindred. And based on our track record, you can have full confidence in Kindred’s stability and solvency.

You must be a Kindred Member to purchase Investment Shares. If you aren’t a Kindred member, you can purchase Investment Shares by becoming one. Learn more about Kindred Membership. The minimum age to subscribe to Investment Shares is 18.

Investment Shares are available in non-registered, RRSP, and TFSAs. Investment Shares are not available in an FHSA, RDSP, RESP, or RRIF. RRSPs must be converted to income accounts (i.e., RRIFs) by the end of the year in which the members turn 71 and Investment Shares would not allow for this. Members age 71 and older can subscribe to Investment Shares that are non-registered or within a TFSA.

Kindred’s Board of Directors has defined appropriate rates for the 2022, 2019, and 2005 Series for fiscal years ending on or before December 31, 2027, 2023, and 2023, respectively and thereafter a rate which exceeds by 100 Basis Points (1%) the simple average of the monthly 5-year Government of Canada benchmark bond yields for each month of the Credit Union’s fiscal year.

Investment Shares are available as non-registered, RRSP, and Tax-Free Savings Accounts. Investment Shares are not available as FHSAs, RDSPs, RESPs, or RRIFs.

Yes. The minimum and maximum varies by series. For example the 2022 series has a minimum investment of 5,000 shares or $5,000 and the maximum is 800,000 shares or $800,000. These limits are relatively standard in the industry for an investment product of this nature. Investment Shares require more administration than a standard GIC, so a higher minimum investment is necessary.

• Those who are comfortable with at least a 5-year commitment.
• Those looking for an option for the low risk portion of their portfolio that is not subject to market volatility and the principle is guaranteed.
• Those who will not need to access income from their RRSPs or borrow from their investments to help finance their first home, for instance.
• Those who are looking to make an impact by supporting Kindred while also earning a premium rate of return.

Investment Shares are considered capital investments in the credit union and are not guaranteed through the Financial Services Regulatory Authority of Ontario (FSRA) or any similar public agency.

Due to the nature of the Investment Shares, the ‘dividend’ is treated as interest income for tax purposes, similar to a GIC. Members can choose to have their annual interest compounded or paid out in cash on an annual basis. For RRSPs and TFSAs, the amount must be paid as additional shares.