RE:RE:RE:$15-billion Canada Growth Fund (“CGF”)CGF is currenlty in the infant startup stage of its life.
They are a Canadian Crown Corp with Common shares, and Preferrence Shares.
They build up the capital of the CGF by selling preferrence shares to the Gov of Canada.
As of the latest unaudited interim F/S they have
in thousands:
Cash and equiv = $1,136,397 or $1.13 Billion
Investments = $233,566
Total Equities = $1,358,450
Funding Received
In the current period, CGF issued an additional 1,100 thousand Preference Shares (as defined below) to, and received $1,100 million in capital contributions from, the Government of Canada. Such contributions were received by CGF to invest according to its mandate.