Dear Pollock’s Hardware Co-op Members,
Pollock’s Hardware Co-op Ltd is pleased to announce a new issue of Investment Shares, totalling $50,000. These are available to members in minimum units of $100 and to a maximum amount of $5,000.
The shares carry a Community Enterprise Development Tax Credit of 45% so that for every $100 purchased members would receive a tax credit of $45. The Co-op is required to raise a minimum of $10,000 in Investment Shares within the 6 months allowed before Tax Credits will be issued. If this minimum is not reached, subscribers will be reimbursed.
If we reach the minimum amount of $10,000 by March 1, 2016, any purchases of shares will be eligible for tax credits for the tax year 2015. If not, they will be eligible for 2016 tax credits once that limit is reached.
We paid a 5% dividend on Investment Shares between 2011 and 2013 plan a further one for 2015. Hopefully, a 5% dividend will be payable in future on the new issue of Investment Shares, but this will depend upon how well the co-op does financially.
Copies of the Share Offering are available at our stores, 1407 Main Street and at our South Osborne store 550 Osborne (at Morley), or by mail, or via e-mail by sending a request to email@example.com
If you wish to purchase Investment Shares, please call in at one of our stores or phone Main Street, 204 582 5007 or South Osborne, 204 505 5007.
If you are not a member follow this link to find out how to become!
http://www.pollockshardwarecoop.com/pages/membership Once again thank you everyone for your continued support of
Pollock's Hardware Co-op!