About Preferred Shares
We’re wrapping up our Eau Claire expansion project, but there’s still time to invest.
Menomonie Market Food Co-op preferred shares are dividend-bearing investments called Class C Shares that are available to owners. They are not donations.
• Class C Shares pay a dividend based on the size of the investment, not how often you shop at the co-op throughout the year.
• Class C Share purchases are voluntary investments made at each owner’s discretion. No owner is required to purchase preferred shares as a condition of ownership of the co-op.
• Class C Shares carry no voting rights.
This offering provides owners who live in Wisconsin the opportunity to invest funds in our local business and earn a competitive return on their investment. And our co-op benefits by lowering financing costs; dividend rates paid on preferred shares are lower than interest rates we would pay on bank loans.
To start construction on the new store, we must raise $2,000,000 in preferred shares. In addition to money raised by selling these shares to owners, the remaining funding for the building will follow the same strategy as our 2015 expansion in Menomonie, drawing on bank loans, grant award income, and savings.
Our board of directors has made 4,000 preferred shares available for purchase at $500 each to owners who are in good standing and live in the state of Wisconsin. Potential dividend rates will range from 2.25%-3.75% depending on the number of shares purchased.
If you meet the requirements and are interested in investing in preferred shares to help fund this project, submit a request that we contact you about investing via the contact form on this page. A staff member will then reach out via email or phone call.
Request an Investment Packet
Ready to learn more about investing? Submit a request to receive more information, and our staff will reach out to you.