Oikocredit and The Deetken Group announce exempt market dealing agreement
October 25 | 2016 Organizations aim to improve access to Oikocredit to accredited investors in Canada
For release: October 17, 2016
The Deetken Group (1) and Oikocredit have entered into an Exempt Market Dealing ("EMD") Services agreement to distribute Oikocredit's securities ("Depository Receipts") in several Canadian provinces, including, but not limited to, Ontario, British Columbia and Alberta. The sale of these securities will take place by way of private placements.
"We are pleased with the agreement to help Oikocredit as an Exempt Market Dealer in several Canadian provinces,” said Samir Shah, Director of Deetken Group, “There is a strong alignment between our organizations in terms of our focus on impact investments. Oikocredit is a global leader in this investment category, and The Deetken Group is committed to continue to strengthen commercial bonds with like-minded organizations. We see this agreement as part of our mission to improve access to impact investment products for Canadians. "
“We see a lot of demand for impact investments that combat poverty and contribute to sustainability in developing countries,” said Eugene Ellmen, Canadian Director for Oikocredit. “This agreement permits us to reach out to accredited investors across Canada to help meet this demand.”
The Deetken Group is a management consulting and investment firm based in Vancouver, Canada. With close to a decade of active investing in impact-based organizations, Deetken Group is a pioneer in the impact investment space in Canada. Through deep financial and strategic analysis, and strong local relationships in the countries we work in, we are able to generate sustainable, long-term returns on our investments.
Oikocredit has over 40 years’ experience in funding to partner organizations active in inclusive finance (including microfinance), agriculture and renewable energy. Oikocredit’s loans and investments enable people living on low incomes to sustainably improve their living standards. Oikocredit finances more than 780 partners in over 70 countries and its outstanding capital totals € 940 million.
(1) Deetken Asset Management Inc.is registered an Exempt Market Dealer in the provinces it is distributing Depository Receipts.
For further information:
Eugene Ellmen, National Director, Canada
Oikocredit
416.996.2392
Samir Shah, Director
The Deetken Group
604.731.4424