We have officially launched our third investment opportunity! CED Co-op plans to raise up to a maximum of $3 million through the sale of Bonds. Since it is the smallest raise so far, there is a good chance we could sell out of investments before the offering truly closes. Time is money. It’s easy to put off investing but since there is a cap on this particular offering, you will want to invest early and beat the rush.
Bonds Series O2 is a 3-year self-amortizing bond paying 4.50% interest.
This bond has been designed for the shorter term investor who is looking for predictable annual cash flows.
The payments of interest and principal of a $25,000 investment in Bonds Series O2 are outlined below.
| Year | Yield | Interest | Principal | Payment | Balance |
| 1 | 4.50% | $1,125.00 | $7,969.33 | $9,094.33 | $17,030.67 |
| 2 | 4.50% | $766.38 | $8,327.95 | $9,094.33 | $8,702.71 |
| 3 | 4.50% | $391.62 | $8,702.71 | $9,094.33 | $ – |
| Totals | $2,283.00 | $25,000.00 | $27,283.00 |
Bonds Series P2 is a 5-year self-amortizing bond paying 5.00% interest.
This bond has been designed for the medium term investor who may be planning to make the investment through a Registered Plan, an investor who is looking for predictable annual cash flows, or an investor that is not interested in long term investments.
The payments of interest and principal of a $25,000 investment in Bonds Series P2 are outlined below.
| Year | Yield | Interest | Principal | Payment | Balance |
| 1 | 5.00% | $1,250.00 | $4,524.37 | $5,774.37 | $20,475.63 |
| 2 | 5.00% | $1,023.78 | $4,750.59 | $5,774.37 | $15,725.04 |
| 3 | 5.00% | $786.25 | $4,988.12 | $5,774.37 | $10,736.92 |
| 4 | 5.00% | $536.85 | $5,237.52 | $5,774.37 | $5,499.40 |
| 5 | 5.00% | $274.97 | $5,499.40 | $5,774.37 | $- |
| Totals | $3,871.85 | $25,000.00 | $28,871.85 |
Investors must fill out the Offering Subscription Agreement, then submit it with payment to our office. Full instructions are in the PDF.
New investors should also fill out our Direct Deposit Form. This allows CED Co-op to make payments directly to your bank account. It saves you the headache of cashing a cheque, and saves the co-op time and money, allowing us to focus on our projects and returns.
Contact us if you have any questions about investing with Community Energy Development Co-operative.
CED Co-op invests in renewable energy projects, generating revenue by selling the electricity these projects produce to the grid through the Feed-In-Tariff (FIT) program. With 20-year electricity generation contracts, this revenue is stable and safe, delivering predictable returns for our investors.
Our projects are fully built, and are not impacted by the Ontario Government’s recent decision to cancel contracts for renewable energy generators who had not yet completed construction. We anticipate these projects are safe, and will be providing stable revenue for the duration of their contracts.
The sun rises every day. Predictable hours of sunlight each year based on NASA climate data means that revenue for CED Co-op is safe. You also know exactly what your investments are funding – community power where the input is sunlight, and the output is clean electricity for Ontario. That’s something to be proud of!
Investments in CED Co-op strengthen and diversify your portfolio with returns that won’t be impacted by market fluctuations.
When your home isn’t suited for solar, or you have already installed a system, investments in CED Co-op are a perfect choice. You can support solar energy without putting panels on your roof.
Our systems are built in partnership with local businesses and feed energy into the Ontario energy grid. Your investment in renewable energy makes our grid a little greener, while delivering a financial return – it’s a win-win for you and the planet.
No. Our Offering Statement closed, and with it the opportunity to invest in these securities. There is, at present, no market to buy and sell these securities among investors. CED Co-op may buy back securities as our financial plan permits. Please contact us for more information.
Please notify us of any moves so we can keep your contact information up to date. You must be an Ontario resident in order to be a member of CED Co-op, so if you leave we will close your membership, however, you can maintain your current investments in CED Co-op, but will only be able to invest more if the next offering allows investment by non-members.
Yes, you can transfer an investment to another person. The transfer must first be approved by the Board of Directors and is subject to a $75 transfer fee.
Yes. Although corporations cannot be co-operative members, they can purchase CED Co-op securities. Please fill out the Subscription Agreement, and be sure to include your Business Number instead of a SIN.
No, our securities cannot be gifted to a new or minor child. Membership in CED Co-op is restricted to residents of Ontario 16 years of age and older. In order to invest in CED Co-op, members must be 18 years of age and older.
Similar to a mutual fund, this is not a guaranteed investment, nor is it protected under CDIC or DICO. The Co-op’s solar projects have Feed-In Tariff contracts backed by the Provincial Government through the Independent Electrical Systems Operator, for 20 years. The Co-op carries business interruption insurance to offset losses that may occur due to mechanical or extreme weather accidents.
Yes, you can always transfer your investment to a different account. Please contact us in order to set this up.
To put it simply, interest is the fee you get for loaning money to the co-op/ bank / government / company / person or whomever you lend it to. A dividend is the money that a company/ co-op pays out to its owners/ shareholders.
Registered Accounts: CWCF sends out statements on an annual basis. Their year-end is September 15th. You can request a statement be sent at any time, however a fee may apply.
Questrade offers monthly account statements. To view your statement, select “Statements” under the “Reports” tab at the top of the page. Clients can also view detailed account activity information, such as when a purchase was booked in the account, deposits and transfers, and withdrawals by selecting “Account Activity” under the “Reports” tab.
Non-registered Accounts: Once your investment with CED Co-op is finalized, you will be given access to Member Zone, our online portal to view your investment information. In Member Zone you can see the current value of your investments, update your profile information, access your T5, and more.
All Debentures were converted prior to May 1, 2015.
Interest will be paid out on the anniversary of your bond purchase based on the schedule for each bond. For Bonds Series L1-4 this was after 8, 12, 16 and 20 years. Bonds Series R1 is paid after 15 years, or at the owner’s request. For all other bonds payments occur annually.
Payments are either mailed as cheques, sent as electronic funds transfer, or directly deposited in your account (for those banking with Kindred Credit Union) depending on which method you indicated was preferred. Due to maximum daily transfer limits, payments via direct deposit or electronic funds transfer may not be completed immediately, but will appear in your account in a few days. To change your method of payment, please contact accounting.
The Co-op Board decides when dividends are distributed. The Board reviews the financial performance of the projects and after paying out the Bond Investors, then a dividend may be declared. To date, the Board has paid a dividend quarterly for Class A Preference Shares in line with their 9% return. We expect the same frequency but a 7% dividend for Class B Preference Shares. Note that dividends are not guaranteed.
You will receive a T5 tax form recording the dividend paid out each year. You simply submit this form with your annual tax filing.
Dividends are either mailed as cheques, sent as electronic funds transfer, or directly deposited in your account (for those banking with Kindred Credit Union) depending on which method you indicated was preferred. Due to maximum daily transfer limits, dividend payments via direct deposit or electronic funds transfer may not be completed immediately, but will appear in your account in a few days. To change your method of dividend payment, please contact accounting.
CED Co-op performed the first repurchase of Class A Preference Shares on December 15, 2017. We repurchased 2.17% of shares outstanding, rounded up to the nearest share for each individual’s holdings. The shares were bought back at their par value of $5. CED Co-op plans to continue repurchases each December in a similar manner so that our shares outstanding are reduced over the lifetime of our generation contracts.
The first repurchase of Class B Preference Shares took place in a similar manner on December 15, 2018. Class B Shareholders received notification prior to the repurchase.
While we can answer many questions for you, the team at CWCF is your best contact for statements for your registered investments, balances in your cash accounts from dividend/bond payments, and information about withdrawals. Contact Josh Dyke at CWCF or Anis Gandhi at Questrade.
Payments for registered investments are made in cash into your CWCF or Questrade registered account. This money can be withdrawn (a fee applies), moved to a registered account with another organization (a fee applies), or transferred to another investment within the CWCF.
Yes, you can transfer your investment with CED Co-op to a new registered account with the Canadian Worker Co-op Federation (CWCF). The CWCF will charge a fee for this transaction. Please contact us for more information.
Due to the great success and volume of investments we have received, we are finding it takes approximately 4-6 weeks to process the cheques and transfers. You will receive a statement from CWCF in the mail for your records. You can always reach us toll free at 1- 855-274-6890 to answer any questions you may have.
CWCF produces their statements on September 16th each year (this date is based on their own internal audit, not a reflection of your CED Co-op investments). They will issue an account statement annually at this time.
This will depend on how your current pension company handles your funds. Upon retirement, some companies require that your funds be transferred to a Locked In Retirement Account, Locked In Retirement Fund, or similar. If this is the case, you cannot invest in CED Co-op. However, if you are able to withdraw from your pension and invest in either non-registered securities, or through a TFSA or RRSP, then we can certainly help. Please contact your pension provider to discuss your options.
In most cases the equipment will be the property of the building owner following the contract. This was written into our lease agreements as a benefit of partnering with CED Co-op.
CED Co-op will continue to explore ways to support renewable energy in Ontario. New business opportunities may include acquisitions of existing projects, but will also depend on any changes to legislation governing co-ops, and the rules for Net Metering related to virtual Net Metering or third party ownership. Regardless of what the future holds, the funds raised through this Offering Statement will support our current plans, and these projects are anticipated to deliver returns to investors as outlined.
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