GSU Defense Fund Directors meet

The GSU Defense Fund board of directors met by conference call on July 27. The primary purpose of the meeting was to review the Fund investments.

GSU general secretary Hugh Wagner reported that the market value of the Fund assets was $4,742,462 as at June 30. The lion’s share of the investments are with RBC Dominion Securities ($4.5 million) with the balance in a cash account at Affinity Credit Union. Reflecting market volatility, the RBC portfolio is down by slightly more than 3 percent on a year-to-date basis.

The five directors of the GSU Defense Fund are Dennis Piasta (Local 14 – Kindersley), Ron Gerlock (Local 8 – Regina), Wilfred Harris (Local 1 – Carnduff), Darryl Knelsen (Local 1 – Fairlight) and Barb Healey (Local 14 – Edenwold).

The directors plan to meet again following the end of the third quarter.

Do you have questions about the GSU Defense Fund?
Contact general secretary Hugh Wagner at