 | Siouxland Energy & Livestock Cooperative Dry
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Siouxland Energy and Livestock Cooperative is an ethanol plant located in Sioux Center, Iowa. SELC is a farmer owned closed cooperative owned by farmer members. It produces 60 million gallons of ethanol per year, along with high value feed co-products. The co-products are sold to nearby beef and dairy operations, which allows SELC to not need a dryer for those products, reducing energy costs.
Trading Requirements
Effective May 1, 2007, SELC Board of Directors approved a 10:1 split on equity shares. This affects minimum ownership and delivery.
All offers to purchase and offers to sell must be communicated with a Registered Representative in person or telephone no later than 5 pm (CST) on any business day. The effective date is the first day a buyer can match an available listing. If there are multiple standing offers to purchase at or above the purchase on the day prior to the effective date, offers must be made by 3 pm. At that time there will be a one time teleconference bidding for the Equity Interests (Shares).
Minimum Ownership – 10 Equity Interests (Shares)
Minimum Sale Increments – 1 Equity Interest (Share)
Minimum Dollar Increments – $10 per Equity Interest (Share)
Membership Requirement - One Voting Interest (Share) and $500 one-time fee for new owners.
Delivery Requirement – Corn. 1 partnership interest requires 250 bushels of corn to be delivered. Partnership interests have specific corn delivery options.
Wet Corn Delivery – Shareowner delivers wet corn (14-22% moisture) during harvest.
Modified Wet Corn Delivery – Shareowner (owners of “Wet” Shares Only) may deliver corn (14-19% moisture) during January, February and March.
Dry Corn Delivery – Shareowner delivers dry corn (13-17% moisture) during spring and summer months.
Shareowner may be able to source corn locally if not able to physically deliver.
Utilize ATS/QMS standards for selling and buying equity interests.
Continuous offers to sell (listings)
Trade Effective dates for Sales will be January 1, April 1, July 1 and October 1
15-day waiting period on all offers to sell (listings)
120-day total listing period
45-day period required before transfer can become effective
60-day sit-out period if listing does not sell
Board approval required on all transfers
The general company information along with the trade requirements and restrictions provided above are subject to change. Please contact Alerus Securities or visit the specific company's website to obtain the most up-to-date information.
Available Listings
Recent Sales
Standing Offers to Purchase |