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Invest in your future and your community.

Our Class B Shares, Series 2022 Investment Share Offering is now closed. Contact our Wealth and Investment Team to join the waitlist and be notified when Investment Shares become available.

Why Investment Shares?

When you invest in Kindred’s growth, you’re not only earning a premium rate of return, you’re helping make an impact in the communities we live and work in. You’ll be directly helping us further our purpose of inspiring peaceful, just, and prosperous communities. We not only provide values-based banking, we’re also committed to providing tangible impacts in the areas of financial empowerment, safe and affordable housing, community food security, and more. That’s something worth investing in!

 

Earn Dividends

You’ll make money by earning dividends on your Investment Shares. We offer a preferred dividend rate available for members only — it’s our way of saying, “thanks for supporting us!”

Peace of Mind

You can rest easy knowing you’re investing in a credit union with 50+ years of prudent money management. Your investment makes Kindred stronger and in turn we’re committed to helping our communities and members thrive. 

Convenient Options

Investment Shares are available as TFSAs, RRSPs, and non-registered investments. You can choose the option that works for your financial plan.

Diversification

Investment Shares are a unique way to diversify your investment portfolio. Investment Shares are a safe, secure investment that is not impacted by market volatility.

How Investment Shares work:

 

1 Share is $1

Each investment share costs $1 (1 share = $1). The minimum purchase is $5,000, or 5,000 shares, and the maximum is $800,000, or 800,000 shares.

Preferred Rate

At the start of each series, the minimum dividend rate is set for 5 years. The rate is calculated based on our dividend formula, and could be different for each series. While the dividend rate may not stay the same, our track record of high dividend rates speaks for itself!

For Members

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. You must also be 18 years or older. Learn more about Kindred Membership.

There is a limited number of Investment Shares, and currently, our purchase window is closed. You can join our waitlist and when a current Class B shareholder divests their shares, you’ll be informed.

You can be waitlisted for the 2005, 2019, or the 2022 Series of Investment Shares. You can view the rates and growth for deposits in each series in the charts below.

Proposed Dividend Rate1

2022

4.00

Proposed Dividend Rate1

2022

4.25

Declared Dividend Rate1

2021

4.25
 
List of rates for 2019 SERIES DECLARED DIVIDEND RATES
2019 SERIES DECLARED DIVIDEND RATES Rate
2021
4.25
2020
4.25
2019 (July 1 to December 31)
4.25

Proposed Dividend Rate1,2

2022

4.25

Declared Dividend Rate1,2

2021

4.25
 
List of rates for 2005 SERIES DECLARED DIVIDEND RATES
2005 SERIES DECLARED DIVIDEND RATES Rate
2021
4.25
2020
4.25
2019 (July 1 to December 31)
4.25
2019 (January 1 to June 30)
2.51
2018
3.14
2017
2.50
2016
2.50
2015
1.83
2014
2.56
2013
2.62
2012
2.37
2011
3.07
2010
3.45
2009
3.41
2008
4.01
2007
5.16
2006
5.12
2005
4.65

​Series 2022 Investment Shares will grow at a rate of 4% until 2027.

 
Investment Shares starting at $25,000 in 2022 and growing to $30,416 by 2027
 

If you invested $25,000 in 2022, then your investment will earn $5,416 by 2027.
If you invested $5,000 in 2022, then your investment will earn $1,083 by 2027.

The graph depicts 4% annual compounded growth rate with annual dividends reinvested.

Historically Kindred has shown a strong track record of Investment Share growth.

 
Investment Shares starting at $25,000 in 2022 and growing to $30,416 by 2027
 

If you invested $5,000 in 2005, your investment would be worth $8,860 in 2021. 
If you invested $25,000 in 2005, your investment would be worth $44,303 in 2021.

The graph depicts actual annual dividend rate compounded with annual dividends reinvested.

Yes. They are low-risk investments.

The Financial Services Regulatory Authority of Ontario (FSRA) is an agency of the Province of Ontario with a mandate through the Deposit Insurance Reserve Fund (DIRF) to insure deposits held by members of credit unions incorporated in Ontario. Investment Shares are considered capital investments in the credit union, and are therefore not insured the same way as member deposits. 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. Investment Shares are not insured deposits like GICs or savings accounts. Similar to corporate bonds, they 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.

Investment Shares are available as non-registered, RRSP, and Tax-Free Savings Accounts. Investment Shares are not available as RDSPs, RESPs, or RRIFs. The minimum age to subscribe to Investment Shares is 18. In order to help our members to manage their cash flow in retirement, or as they near retirement, Investment Shares will not be available within RRSPs to members turning 66 on, or before September 30, 2022.

Investment Shares can be held in registered plans. However, 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 66 and older can subscribe to Investment Shares that are non-registered or within a TFSA.

The minimum investment is $5,000 and the maximum is $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.
  • 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.

GICs that have been setup or will be maturing in 2022 are eligible to be redeemed early without penalty in order to purchase the 2022 Series of Investment Shares.

A GIC is an insured (FSRA) investment that is low risk. Investment Shares are not insured by FSRA and involve a little more risk – but are still less risky than other investments like mutual funds, etc.

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.

Join the waitlist! 

Our Investment Share offering is now closed. If you’re interested in Investment Shares, contact our Wealth and Investment Team to join the waiting list.

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