November 25, 2020

Letters to Britt and Fostoria Cooperative Members

Members of the Fostoria Cooperative Elevator Company and Britt Farmers Cooperative Elevator recently received the following letters (shown below) in the mail. MaxYield is proud to have completed  the equity commitments in full and five years before the date specified by the merger agreements.

 

September 2, 2013

Dear Fostoria Cooperative Elevator Company Member:

MaxYield Cooperative is pleased to enclose payment of deferred equity that you as a member of Fostoria Cooperative Elevator earned through your business and support of your cooperative.

As per the 2003 merger agreement between MaxYield Cooperative and Fostoria Cooperative Elevator, MaxYield will return to members of Fostoria Cooperative Elevator money MaxYield receives from regional cooperatives for payment of regional cooperative deferred equity held by Fostoria Cooperative Elevator up to the total amount of deferred member equity held by members at the time of the 2003 merger.

This check is in payment of Fostoria Regional Equity that you earned as a member of the Fostoria Cooperative Elevator. This represents 100% of the balance of your Class “H” Preferred Stock.

This payment pays off the remaining applicable Fostoria Regional equity due members and completes Fostoria Regional equity payment obligation of MaxYield Cooperative.

MaxYield is grateful for your support, and is pleased to complete the equity payments due to you, per the 2003 merger agreement.

Thank you for your past business with Fostoria Cooperative Elevator and your continued support of MaxYield Cooperative.

If you have any questions, please do not hesitate to contact our Fostoria location or Elaine Wilderman in our West Bend office. You can reach Elaine at 1-800-383-0003 ext. 210.

Cooperatively,

Keith Heim, CEO

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September 2, 2013

Dear Britt Farmers Cooperative Elevator Member:

MaxYield Cooperative is pleased to enclose payment of deferred equity that you as a member of Farmers Cooperative of Britt earned through your business and support of your cooperative.

As per the 2003 merger agreement between MaxYield Cooperative and Farmers Cooperative of Britt, MaxYield will return to members of Farmers Cooperative of Britt money MaxYield receives from regional cooperatives for payment of deferred equity held by Farmers Cooperative of Britt up to the total amount of regional deferred member equity held by members at the time of the 2003 merger.

This check is in payment of Britt Regional equity that you earned as a member of Farmers Cooperative of Britt.

This payment pays off the remaining Britt Regional equity due you and completes MaxYield’s obligation for payment of Britt member’s Regional equity as per the 2003 merger agreement.

Thank you for your past business with Farmers Cooperative Elevator and your continued support of MaxYield Cooperative.

If you have any questions, please do not hesitate to contact our Britt location or Elaine Wilderman in our West Bend office. You can reach Elaine at 1-800-383-0003 ext. 210.

Cooperatively,

Keith Heim, CEO

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