When can investment shares be redeemed?

In general, investment shares are created out of the Cooperative’s surplus earnings, and are voted on at the annual general meeting.

Investment shares of a member who withdraws from the Cooperative do not automatically become redeemable. The Cooperatives Act provides for their repurchase after a minimum of three years from the share issue date. After this period, the decision to repurchase is left to the discretion of the board of directors, depending upon the Cooperative’s financial situation.

When the board of directors issues its approval for a given year, any producer holding investment shares for that year is reimbursed.