Preference SharesEnrich your membership.

Casera wants you to share in our success. Casera’s Class “A” Preference Share Program offers credit union members an exclusive equity investment option and provides an opportunity to earn an attractive dividend. The sale of preference shares also helps strengthen Casera’s financial position through increased member share capital.

More information about Casera’s member share program.

Benefits Features
Long-term investment Ideal for member-investors seeking to diversify their portfolios over a longer period.

•  $10 per share
•  $500 minimum purchase
•  $25,000 maximum per member
•  RRSP eligible (convertible option to RRIF)
•  TFSA eligible
•  Non-redeemable
•  Investment is not guaranteed
•  Dividends paid as interest
•  Dividends are not guaranteed
•  Sales period closes April 28, 2018
Higher returns A moderate level of risk may lead to potentially higher returns.
Annual dividends Upon approval of Casera’s Board of Directors, dividends may be paid out annually. Dividends will be paid out as interest in the form of cash and/or surplus shares.

Financial performance determines payment and the minimum dividend would be equivalent to the first year rate of the latest issue of Canada Savings Bonds.

Casera also requires members to own common shares in the credit union. This is an investment in ownership in the credit union. The extended program also includes surplus shares, which are dividends paid out as patronage refunds. For more information about our preference share program, click here.
Fees
Preference Shares •  $10 per share
•  $500 minimum purchase
•  $25,000 maximum per member
Other fees may occur. View Casera’s service fees.

Limited Availability Expand/Collapse

The shares are in addition to Casera’s current common share and surplus share programs. They differ from membership shares in that they are only available during an offering period of up to 12 months.

Members who do not have an opportunity to purchase preference shares during the sales period can request to have their name added to a waiting list. Share transfers may happen at Casera’s discretion if a member is interested in purchasing and another member is requesting to sell their preference shares.

Preference shares are available only to Casera members defined as individuals, businesses and organizations. This designation creates opportunities for individuals who own businesses to increase their investment in Casera. Associate members are excluded from the program.

Sales period closes April 28, 2018.

What You Need to Know About Risk Expand/Collapse

Preference shares are ideal for members seeking diversification and a long-term investment. As such, they are willing to accept a moderate level of risk for potentially higher returns.

Preference shares are speculative investments and Casera does not guarantee a dividend. There is also no market for the shares.

Considered risk capital, preference shares are not redeemable. However, Casera may consider special requests for share redemption. Such scenarios may include estate accounts, financial distress of members and other individualized requests.

How to Purchase Preference Shares Expand/Collapse

Contact your Casera neighbourhood branch. We will put you in touch with one of our investment specialists who will help determine if this investment is the right fit for you.
 

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