Gateway Gazette

Albertans Invited to Discuss the Alberta Heritage Savings Trust Fund

 

The Legislative Assembly of Alberta’s Standing Committee on the Alberta Heritage Savings Trust Fund invites all Albertans to its annual public meeting to discuss the status of the Fund.

“Albertans benefit from the Fund in so many ways,” said Barb Miller, chair of the Standing Committee on the Alberta Heritage Savings Trust Fund and MLA for Red Deer-South. “I encourage everyone to attend or watch the meeting, ask questions and voice their thoughts on the Fund, which belongs to Albertans.”

Attend the meeting in person, watch live on Shaw TV or catch the livestream at www.assembly.ab.ca.

Public Meeting on the Alberta Heritage Savings Trust Fund
Thursday, November 26, at 7 p.m.
Grassland Room, Edmonton Federal Building
2nd Floor, 9820 – 107 Street, Edmonton

During the meeting, questions and comments can be submitted on the Legislative Assembly of Alberta’s Facebook page, via Twitter @legassemblyofab #abheritagefund or by e-mail to committees@assembly.ab.ca.

About the Alberta Heritage Savings Trust Fund

Established in 1976, the Heritage Fund’s mission is to provide prudent stewardship of the savings from Alberta’s nonrenewable resources by providing the greatest financial returns on those savings for current and future generations of Albertans. The Fund earned a net income of $1.6 billion for the year ended March 31, 2015. The net assets held in the fund totalled $17.9 billion at fair value. The investment breakdown includes 51.4% in equities, 17.3 % in fixed-income assets and 29.7% in inflation-sensitive and alternative assets.

About the Standing Committee

The Legislative Assembly of Alberta’s Standing Committee on the Alberta Heritage Savings Trust Fund is an all-party committee consisting of nine Members of the Legislative Assembly. It annually reviews and approves the Fund’s performance and annual report, receives and reviews the quarterly reports on the Fund’s operations and results, holds public meetings with Albertans to report on investment activities and results and reports to the Legislative Assembly on whether the mission of the Fund is being fulfilled.

For information on the standing committee: http://www.assembly.ab.ca/committees/abheritagetrustfund/index.html

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