RE: DIVIDEND ADVANCE
We wish to inform you that you can now apply for Dividend Advance up to a maximum of 50% of the expected dividend. The interest charge on the dividend advance is 5% which together with the amount advanced is recoverable from the final dividend.
The calculation of the dividend will be based on a Weighted Average Rate.
Members in loan repayment arrears do not qualify for the dividends advance.
For any clarification, please contact the office.