Class I (GOF 504) Share Price $10.07 (as of May 17, 2013)
Golden Opportunities Fund Inc. was launched over a decade ago and is registered as a Labour-sponsored Investment Fund Corporation under The Labour-sponsored Venture Capital Corporations Act (Manitoba). Manitoba residents who purchase Shares of the Fund receive a 15% Federal tax credit (to a maximum contribution of $5,000 annually) and a 15% Provincial tax credit (to a maximum contribution of $12,000 annually) for a total of 30% in tax credits. Investments are also 100% RRSP eligible.
With the capital raised, the Fund makes investments in public or private companies, or other entities that carry on business in Manitoba, that have less than 500 employees at the time of investment and that pay at least 25% of all their wages and salaries to employees (as per current regulation which may be amended from time to time). The objective of the Fund is to realize long-term capital appreciation of its investments in eligible businesses. Potential investments are evaluated according to, among other things: stage of development; size; quality of management; the market potential of the products or services sold or distributed; the profit potential of eligible business; and the opportunity for realization by the Fund of its investments.
Golden Opportunities' Mandate
- To create a pool of valuable capital for small to medium-sized businesses to access by which to grow and expand their corporations, thereby creating new job opportunities at home;
- To provide investors a vehicle by which funds can remain at work at home, managed by an experienced Fund Manager and Board of Directors, and
- To maximize Shareholder returns.
Golden Opportunities Fund was the first and only Fund to be chosen as Canada's Labour Fund of the Year at the 2004 Canadian Investment Awards. The Fund is making a difference as a major supplier of venture capital to strategic growth companies, while delivering value to Shareholders.