The ‘exit strategy for equity investments is weak for the type of community economic development projects that are seen as likely candidates for the funds. Has this been addressed?
This has been discussed, but at this point still not satisfactorily resolved. A successful CEDIF will be able to buy back shares from investors who wish to sell (after the required hold period). However, a workable exit plan from marginal Funds has not yet been provided. Work will continue in this area, with input sought from investors, promoters and government officials from both within and outside Nova Scotia.
