When can we expect to receive a distribution of allocated capital credits?

In 2018 the Cloverland Board voted unanimously to refrain from making a capital credit distribution because the equity ratio (a measurement of Cloverland’s financial health) was below the minimum threshold of 20% as required by its lenders to be able to make distributions without special permission. Cloverland’s Board has been working to improve the equity ratio to be able to consistently distribute capital credits, but this may take several years. From 2016 through 2018, the equity ratio has improved from 16.30% to 19.98%.