The BDIC invests in businesses in return for cumulative redeemable preferred shares carrying annual dividends. The amount of the dividend reflects the premium for the investment risk. These investments are long term in nature.
Common shares cannot be bought back or surrendered before all the preferred shares are redeemed and common dividends cannot be declared unless the payment of preferred dividends are up to date.
For more information on the BDIC’s venture investment program, please contact a Business Advisor at 867-767-9075 or toll free at 1-800-661-0599.