When do I receive my dividend?

• The cooperative reserves the right to retain dividends and accrue them to each stock in any given year. Dividend decisions will be made at the January board meeting each year. Dividend checks will generally be sent out in February & 1099 forms are filed at the end of the year.

What are the benefits of investing in Central City Market?

• The primary benefit to stockholders is the dividend. Stockholders also have the right to vote on matters involving dissolution, authorization of additional stock, and changes to the articles of incorporation that affect stockholder rights.

Does it matter when I purchase my stock?

• Dividends are accrued annually prorated to the date of stock purchase/sale. For example, if you purchase a class D share with a 4.5% annual dividend on July 1st, then you will receive a 2.25% dividend at the end of the year.

How does my investment affect my end of the year taxes?

• Your annual dividend, whether paid to you in cash or assigned to you as capital credit or additional stock, counts as income and must be reported on your tax return. You will receive a 1099 each January from the cooperative.

What is the plan for Central City Market?

• Altenburg Dairy currently operates its wholesale distribution from the building. Honey Bee Good Meadery and Plant Shop moved in Oct 2022. Other member businesses are utilizing warehousing, fulfillment, and distribution in the North portion of the building.

Is there space available for rent?

• Yes, there is warehouse space for rent, and soon to be cooler & freezer space available as well! Stay tuned.

Do you have plans for growth?

• Our current plans are focused on the redevelopment of our building. We will consider the possibility of growth after the building is renovated and fully occupied. 

How does the cooperative work?

• The Cooperative owns and maintains real estate at 2041 Madison Street in Stevens Point with the purpose of leasing that real estate to its member businesses. Each of the member businesses leases space from the Cooperative and has one seat on the board of directors of the Cooperative. The board of directors manages the cooperative on behalf of the member businesses. 

• Member businesses gain the advantages of owning their own property while sharing in the burden. Since the Cooperative is owned by its members, lease rates are at cost. Member businesses accrue equity in the property as their lease payments contribute to paying down principal on the mortgage.

What happens to my share if the cooperative fails?

• The articles of incorporation details how assets will be distributed upon dissolution of the Cooperative. If the Cooperative fails, the property will be sold and proceeds will go first to pay the mortgage and any other outside debts, then to pay preferred stockholders, then to member businesses. 

Do I get to become a board member and/or get a vote when I become an investor? 

• Stockholders are entitled to a vote on dissolution, authorization of additional stock, and changes to the articles of incorporation that affect their rights as stockholders. Stockholders may not serve on the board of directors or vote on any other matters. The management of the Cooperative is vested in member businesses through their representatives on the board of directors. 

Is there a cut off date to accepting investment in Phase 3?

• We will continue to accept Phase 3 investment until we have reached our goal of $150,000. We will stop accepting investment when we reach $150K.

Can shares be sold at a future date?

• Yes, but stock may only be sold back to the cooperative at par value plus any accrued unpaid dividends - at the discretion of the cooperative. Stock is non-transferable.

What is the profit source of the dividends?

• The cooperative will generate revenue by leasing real estate to its members and prospective members. Dividends will be paid from lease revenue.

How much capital are you hoping to raise?

• We have raised $150,000 in phase 1, another $150,000 in phase 2, and just opened up investment opportunity for Phase 3!

Is there an investment maximum?

• At this time we are unlikely to sell more than $50,000 in stock to any one individual or business.