Mart Resources Inc MAUXF

RE:RE:RE:RE:DRIP Not Showing up in My Account

[Obeahman]

gibbonsj wrote: very strange. I would phone and ask to talk with a manager. Something is way wrong.

Took your advice and called TDW. It was explained to me that TDW has two DRIP Plans. One is Market Drip and the other one is called Treasury Drip. MMT belongs to the Treasury Drip Plan. TD arrangement with MMT does not allow them to post Treasury DRIPS immediately into a customer account. The MarketDRIP allows TD to post SRIPS immediately.

I was assured that the DRIPS would be posted. If I need to sell my MMT Shares immediately, I am to call TDW and they will figure whhat my rel shares are.

For those who are reading this and do not know about DRIPs here is a defenition from Investopedia:

Definition of 'Treasury DRIP'

A dividend reinvestment plan that uses dividends to purchase more shares directly from the company's treasury stock. Oftentimes, because the company is issuing the shares, it will offer the shareholder a small discount on the share price; this discount typically ranges from 2-4%. 

Investopedia explains 'Treasury DRIP'

The other common type of dividend reinvestment plan is the market DRIP. In a market drip, a company uses its cash dividends to purchase shares on the open market, rather than from its treasury. Using a DRIP can help companies to develop investor loyalty and a stable shareholder base. The advantages to shareholders include convenience and a lack of commission charges on acquiring new shares through a DRIP program