Casera wants you to share in our success. Casera's Class "A" Preference Share Program offers credit union members an exclusive equity investment option. It also 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.
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 their names be added to a waiting list. Share transfers may happen at Casera's discretion if a member is interested in purchasing and another member is asking 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.
The sales period closes on April 30, 2021.
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, the financial distress of members and other individualized requests.