Kahnawake Sovereign Wealth Fund closes Toronto Stock Exchange

01/31/2024

The Mohawk Council of Kahnawake (MCK) is pleased to inform the community that representatives of the Kahnawake Sovereign Wealth Fund (KSWF) will be participating in a ceremony at the Toronto Stock Exchange (TSX) today by ringing the bell at 4pm to close the trading floor for the day.

The KSWF was implemented in the summer of 2023, and since then, work has been done by the Investment and Revenue Committee to select investment firms and other business-related activities.

To help celebrate the creation of the KSWF and provide media exposure during its first year in operation, the ceremony will take place in person at the Market Centre and will be broadcast live on BNN Bloomberg. The market closing events are also live-streamed on YouTube, featured on TSX.com and TMX.com, and shared through Twitter, Instagram, and LinkedIn. The coverage will increase the fund’s visibility and enhance its investment opportunities.

“This is an exciting and unique opportunity for us that will allow us to promote the Kahnawà:ke Sovereign Wealth Fund on an international stage,” said Ohén:ton í:iente Ratitsénhaienhs Kahsennenhawe Sky-Deer. “The more opportunities there are to create business relationships, the better we can position ourselves to accomplish our Mission of creating short and long-term socioeconomic prosperity for Kahnawà:ke.”

One of the key objectives of the KSWF is to respect a minimum 10-year period where all KSWF capital and income will remain within the fund to grow the community’s asset base before any dividends will be considered.