Business

Country Partners announces $4.1 million equity redemption

Country Partners Cooperative has announced a special equity redemption of $4.1 million in total of member equities.
“Our strong balance sheet allows us to make this payment,” said to the cooperative’s CEO and General Manager E. Tod Clark. He added: “We owe our success to the loyal patronage of our member owners. Equity management, including equity redemption, is strictly at the Board of Directors’ discretion, and thus, can change depending upon the earnings and financial needs of the company. Anything that we do in terms of equity management takes solid financial earnings.”
The cooperative has facilities in more than 20 communities, including Albion, Primrose, Cedar Rapids, Belgrade, Spalding, Bartlett and Greeley.
Details in the July 29 Albion News print and e-editions.