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Owners and investors

Farmer-owned

推荐几个靠谱的买球网站 is committed to providing value for all our owners, including more than 750 member cooperatives that represent 500,000 farmers and ranchers, plus 75,000 individual farmers and ranchers who buy inputs from or sell grain directly to 推荐几个靠谱的买球网站.

Patronage

The cooperative patronage model supports farmers and rural America by returning a proportion of the profits to owners. When a cooperative board calculates patronage, it determines what portion will be retained as member equity in the organization, a key source of capital for cooperative maintenance and growth. 推荐几个靠谱的买球网站 has returned $3.2 billion in cash patronage and equity redemptions to its owners in the past 10 years.

For equity questions, call 800-535-4645 or 651-355-6124 or email 推荐几个靠谱的买球网站 Patron Equities.

Preferred stock

推荐几个靠谱的买球网站 uses proceeds from preferred stock to maintain a strong balance sheet and fuel growth. Five classes of non-voting preferred stock provide capital for 推荐几个靠谱的买球网站 investments: 8% Cumulative Redeemable Preferred Stock (推荐几个靠谱的买球网站CP) and Class B Cumulative Redeemable Preferred Stock, Series 1 (推荐几个靠谱的买球网站CO), Series 2 (推荐几个靠谱的买球网站CN), Series 3 (推荐几个靠谱的买球网站CM), Series 4 (推荐几个靠谱的买球网站CL). All 推荐几个靠谱的买球网站 classes of preferred stock trade on the NASDAQ Global Select Market. Dividends, as declared by the company’s board of directors, are paid on a quarterly basis.

For questions on selling or transferring 推荐几个靠谱的买球网站 preferred stock:
EQ Shareowner Services
PO Box 64854
St Paul, MN 55164-0854
For overnight deliveries or walk-in service:
EQ Shareowner Services
1110 Centre Pointe Curve, Suite 101
Mendota Heights, MN 55120-4100

Answers to questions about 推荐几个靠谱的买球网站 preferred stock

  • With the cessation of the London Interbank Offered Rate (“LIBOR”) on June 30, 2023, how will you reset dividend rates for your Class B Reset Rate Cumulative Preferred Stock, Series 2 and Series 3?

    Based on the contract terms of each series and application of the Adjustable Interest Rate (LIBOR) Act, the dividend rates were fixed on Jan. 2, 2024, as shown below, and will remain at the below rates until they are redeemed:

    Series Trading Symbol Fixed Rate
    Class B Reset Rate Cumulative Redeemable Preferred Stock, Series 2 推荐几个靠谱的买球网站CN 7.10%
    Class B Reset Rate Cumulative Redeemable Preferred Stock, Series 3 推荐几个靠谱的买球网站CM 6.75%

     

  • When does the preferred stock become redeemable by 推荐几个靠谱的买球网站?

    The five series of 推荐几个靠谱的买球网站 preferred stock become redeemable, at the option of 推荐几个靠谱的买球网站, on various dates between July 18, 2023, and January 21, 2025. The specific date that each series becomes redeemable is as follows:

    Series Trading symbol Redeemable beginning
    8% Cumulative Redeemable Preferred Stock 推荐几个靠谱的买球网站CP July 18, 2023
    Class B Cumulative Redeemable Preferred Stock, Series 1 推荐几个靠谱的买球网站CO Sept. 26, 2023
    Class B Reset Rate Cumulative Redeemable Preferred Stock, Series 2 推荐几个靠谱的买球网站CN March 31, 2024
    Class B Reset Rate Cumulative Redeemable Preferred Stock, Series 3 推荐几个靠谱的买球网站CM Sept. 30, 2024
    Class B Cumulative Redeemable Preferred Stock, Series 4 推荐几个靠谱的买球网站CL Jan. 21, 2025
  • Is there any situation in which 推荐几个靠谱的买球网站 may require the redemption of any series of preferred stock, or a portion of a series, before the applicable date set forth above?

    No. The preferred stock is not redeemable by 推荐几个靠谱的买球网站 prior to the applicable date shown in the previous answer. Nevertheless, 推荐几个靠谱的买球网站 may at any time, and from time to time, in compliance with applicable law, purchase shares of preferred stock on the open market, pursuant to a tender offer or otherwise, at whatever price or prices and other terms it determines. However, 推荐几个靠谱的买球网站 is not permitted to make any purchases of preferred stock at a time when there are accumulated but unpaid dividends for one or more past dividend periods.

  • If 推荐几个靠谱的买球网站 chooses to redeem any series of preferred stock, or a portion of a series, can the shareholder choose to keep it and not have it redeemed, or is the shareholder required to participate in the redemption?

    If any series of preferred stock, or a portion of a series, is called for redemption by 推荐几个靠谱的买球网站, the shareholder is obligated to participate in the redemption and cannot choose to retain the preferred stock.

  • If 推荐几个靠谱的买球网站 chooses to redeem a particular series of preferred stock, or a portion of a series, is 推荐几个靠谱的买球网站 required to also redeem any or all its other series of preferred stock?

    No. If 推荐几个靠谱的买球网站 chooses to redeem a particular series of its preferred stock, or a portion of a series, it is not required to redeem any of its other series of preferred stock.

  • If 推荐几个靠谱的买球网站 chooses to redeem shares of a particular series of preferred stock, is it required to redeem all of the outstanding shares of that series?

    No. 推荐几个靠谱的买球网站 may choose to redeem all or only a portion of the outstanding shares of a particular series of preferred stock. However, 推荐几个靠谱的买球网站 may not redeem less than all of the outstanding shares of a particular series unless all dividends accumulated and unpaid upon all then outstanding shares of that series have been paid for all past dividend periods.

    If less than all shares of a particular series of preferred stock are to be redeemed, 推荐几个靠谱的买球网站 will designate by lot, or in such other manner as the 推荐几个靠谱的买球网站 Board of Directors may determine, the particular shares to be redeemed, or 推荐几个靠谱的买球网站 will affect such redemption pro rata from the holders of record of such series.

  • How will shareholders be notified if a series of preferred stock, or a portion of a series, is called for redemption by 推荐几个靠谱的买球网站?

    If 推荐几个靠谱的买球网站 chooses to redeem a holder’s preferred stock, a written notice of redemption will be given to the holders of record of the shares to be redeemed not less than 30 days and, in the case of the four series of 推荐几个靠谱的买球网站 Class B preferred stock, not less than 30 nor more than 60 days prior to the redemption date. In addition to any other information required by law, the notice will state:

    1. The redemption date;
    2. The redemption price;
    3. The number of shares to be redeemed;
    4. The time, place and manner in which the holder must surrender the applicable shares to 推荐几个靠谱的买球网站, including the steps the holder should take with respect to any certificates representing shares that have been lost, stolen or destroyed or for any uncertificated shares; and
    5. That dividends on the shares to be redeemed will cease to accumulate on the redemption date, assuming payment of the redemption price is made on such date.

    If fewer than all shares of the applicable series held by the holder are to be redeemed, the notice will also specify the number of shares of that series to be redeemed from the holder.

  • If a series of preferred stock, or portion of a series, is redeemed by 推荐几个靠谱的买球网站, what will the redemption price be?

    If a series of preferred stock, or a portion of a series, is redeemed by 推荐几个靠谱的买球网站, the shareholder will receive a cash payment equal to the per share liquidation preference of $25.00, plus all dividends accumulated and unpaid on that share up to and including the date of redemption.

  • If shares of 推荐几个靠谱的买球网站 preferred stock are held in the name of an organization or cooperative, can an individual employee (such as the chief executive officer or chief financial officer) of the organization or cooperative sell or transfer the shares?

    To sell or transfer the shares of preferred stock, the individual would need authorization from the organization or cooperative to do so. Please contact EQ Shareowner Services at 1-800-468-9716 to obtain additional guidance on this process.

  • What if I have further questions related to the preferred stock?

    Please contact EQ Shareowner Services at 1-800-468-9716 or 651-450-4064.

推荐几个靠谱的买球网站 Board of Directors

推荐几个靠谱的买球网站 is governed by a 17-member board elected by our producer and member cooperative owners. We welcome fresh ideas and invite cooperative farmer-owners to consider becoming candidates for the 推荐几个靠谱的买球网站 Board of Directors.

There are six charters that define the respective roles, responsibilities and authorities of the 推荐几个靠谱的买球网站 Board of Directors as they govern the cooperative:

Convention center lobby filled with people
推荐几个靠谱的买球网站 Annual Meeting
推荐几个靠谱的买球网站 Directors and management share news, financial updates and progress on initiatives at the 推荐几个靠谱的买球网站 Annual Meeting each year in early December. The annual meeting gives owners the opportunity to participate in the governance of their cooperative, create connections, ask questions and voice concerns.

View the latest 推荐几个靠谱的买球网站 quarterly financial information