CHSCM

CHS Inc Class M Preferred Stock is a preferred equity security issued by CHS Inc, the largest farmer-owned cooperative in the United States. CHS operates across grain, energy, and agronomy sectors, serving agricultural producers and consumers globally. The Class M preferred shares pay fixed dividends and rank senior to common equity in the capital structure. This series has specific dividend terms and redemption features outlined in the issuance prospectus. As a cooperative, CHS is member-owned and operates to serve farmers and ranchers rather than maximize shareholder profit, though it maintains capital markets access through preferred stock issuances. CHSCM provides investors with income exposure to the agricultural sector through a preferred security structure. The cooperative's diversified operations across crop inputs, grain handling, energy, and food ingredients support its ability to meet dividend obligations across various market conditions.