Venture Investments
Investment
Description:
BDIC invests in businesses in return for cumulative redeemable preferred shares carrying annual dividends. The amount of the dividend reflects the premium for the investment risk. These investments are long term in nature.
Comments on Funding:
Eligibility:
Applicants must be businesses in the Northwest Territories.
Application Steps:
For more information on venture investments, please contact BDIC through their phone at 867-767-9075.
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
Common shares cannot be bought back or surrendered before all the preferred shares are redeemed and common dividends cannot be declared unless the payment of preferred dividends are up to date.
About the author
Maurice
