A dispensing structure (102) includes a housing member (112) defining a hollow space adapted to receive a stack (104). The housing member includes a first retention member (132) and a second retention member (140). The first retention member includes a first plate and a second plate longitudinally spaced apart from the first plate such that a slot (138) is defined therebetween. The second retention member defines an aperture (141) therethrough. The housing member is adapted to rotate relative to a base member (154). The base member includes a first portion (156) slidably received through the aperture of the second retention member, and a second portion (168). The second retention member is adapted to move towards the second portion based on removal of at least one of notes and flags from the stack.