top of page

Dividend to Shareholder

At our Annual General Meeting on May 8, 2017 the Community Forest provided an extraordinary dividend to our Shareholder, the District of Sechelt, in the amount of $100,000.  This was an unusual provision given we lost money in 2016 due to very low volume being harvested and sold.  The normal protocol is to provide a dividend only in profitable years.  The dividend will be split with 50% being deposited into the SCCF Legacy Fund for future granting opportunities and 50% being held by the Shareholder and added to previously provided dividends.  The dividends provided from 2014 to today now total $400,000 and are being held by the Shareholder to be utilized at a future date for an as yet undecided project which will be beneficial to the community of Sechelt.

Commenti


bottom of page