As a Preferred Stock Winery Owner, you are expected to earn a dividend to be paid at the end of each calendar year. You may receive either a dividend check or select a wine credit. If you select a wine credit at Willamette Valley Vineyards, you will receive an additional 15% credit on top of your dividend amount. Below you will find a list of questions and answers to help you make the decision.
Questions and Answers
When is the deadline I need to inform you by?
No later than 6 pm on Monday, December 10th.
What happens if I forget to let you know by December 10th?
We will automatically issue you a dividend check and you forfeit your ability to receive a wine credit. Under special circumstances, if you would like to receive wine credit, we will absolutely look for a solution. In that case, please contact our Shareholder Relations team directly at firstname.lastname@example.org.
Can I receive both a dividend check and wine credit?
Your dividend is based on the accounts held. If you have securities held under two accounts you may elect to take one dividend check and one wine credit. If you have one account, you must choose one or the other.
If I choose wine credit will I get a check at all?
Once you select wine credit you will not receive a check.
What if I spend some of my wine credit, but now I want a check?
As soon as you begin to spend your wine credit, we cannot issue you a check for partial payment.
Does my wine credit expire?
Absolutely not! Once you select wine credit, it will stay in your account until you are ready to use it by phone, on our website or in one of our tasting rooms.
What can I purchase with my wine credit?
Anything at Willamette Valley Vineyards. Feel free to use your wine credit for event tickets, merchandise, food and, of course, wine.
Do I get an additional 15% off with wine credit?
Not exactly. If you choose wine credit, we will add 15% on top of your dividend amount. For example, if your dividend was $100, your wine credit total will become $115, but only if you opt to take a wine credit.
If I select dividend check when will I receive it?
If you choose a dividend the check will be issued late December, 2018.
What if my account is with a broker?
You are not eligible to convert your dividend into a wine credit. Your brokerage will deposit the dividend directly into your account. For assistance, inaccuracies or delays, please contact them directly.
I just purchased shares this year, does that affect anything?
Yes! Your total will be prorated based on your preferred stock issuance date. For example, if issuance was April 1st, you will be paid for three-quarters of a full year dividend. You will be paid a full years dividend in future years.
Can I reinvest my dividend?
Reinvestment of your dividend in other stock, Preferred or Common, is not an available option. However, you can always take your dividend and buy WVVI or WVVIP stock through your broker.
How do I use my wine credit on WVV.com?
Here are some step-by-step instructions:
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