There is no right of redemption on any Common, Preferred, or Surplus Non-Registered or Registered shares. Share redemption requests that meet required criteria will be reviewed quarterly for consideration. All redemptions are subject to Board approval.

Surplus share redemptions meeting required criteria will be paid dividends in cash to Hubert members on a multi-year payout plan with the intention of eliminating the Surplus Share program at completion.

NOTE: Dividends are reported as Interest Income on T5. As stated in The Credit Unions and Caisses Populaires Act of Manitoba, Part V.1 Applications of the Securities Act does not apply to the issue or sale of surplus shares by a credit union. Therefore, dividends paid in the form of surplus shares are not reported as dividend income to Canada Revenue Agency. Dividends are reported as interest income and included in the total interest income earned.