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 an Owner Benefit Credit. If you select a Benefit Credit, 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
I want to switch from receiving a dividend to receiving an Owner Benefit Credit. When is the deadline I need to inform you by?
No later than 5 pm on Tuesday, December 3rd.
What happens if I forget to let you know by December 3rd?
We will automatically issue you an Owner Benefit Credit. Under special circumstances, if you would like to receive a check, please contact our Ownership Services team directly at stock.offering@wvv.com.
Can I receive both a dividend check and Owner Benefit 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 Benefit Credit (please email stock.offering@wvv.com or call the winery at (503) 588-9463 to verify your selections). If you have one account, you must choose one or the other.
If I choose an Owner Benefit Credit, will I get a check at all?
Once you select Owner Benefit Credit, you will not receive a check.
What if I spend some of my Owner Benefit Credit, but now want a check?
As soon as you begin to spend your Owner Benefit Credit, we cannot issue you a check for partial payment.
Does my Owner Benefit Credit expire?
Absolutely not! Once you select Owner Benefit 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, Domaine Willamette, Maison Bleue or Willamette Wineworks. Feel free to use your Owner Benefit Credit to purchase wine, food pairings from our menu, admission to winery events or dinners, merchandise or holiday gifts.
Do I get an additional 15% off with Owner Benefit Credit?
Not exactly. If you choose Owner Benefit Credit, we will add 15% on top of your dividend amount. For example, if your dividend was $100, your Owner Benefit 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 mailed in early January 2024. If you do not receive a check by March of 2025, please contact us. Please note, it will be attached to your 1099!
Will I still receive a 1099-DIV if I elect for wine credit?
Yes, you will still receive a 1099-DIV from our transfer agent in January of 2025 for the initial dividend amount, not including the 15% value increase. For example, if you receive $115 in wine credit, you will receive a 1099-DIV for $100.
What if my account is with a broker?
You are not eligible to convert your dividend into an Owner Benefit Credit. Your brokerage will deposit the dividend directly into your account. For assistance, inaccuracies or delays, please contact them directly.
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 Owner Benefit Credit online?
Here are step-by-step instructions:
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