TSX:AAR.UN - Post by User
Comment by
maypeterson Aug 09, 2017 11:07pm
204 Views
Post# 26564325
RE:RE:RE:RE:RE:RE:Same old cast of characters
RE:RE:RE:RE:RE:RE:Same old cast of characters Inspite of your personal remarks (which I brush off as young and foolish retorts) - I have wasted time to write up an answer in the hope that it helps and you realize in time how many trolls are on this site (you did say T4 and I expect any investor to know difference between T4 and T3/T5).
If what I said earlier hurt you so much that you had to go to the level of calling me an axxhole etc - I am sure time will come when you piss of the wrong person at work or in business and will learn the consequences of getting too personal and emotional.
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There are two types of DRIPs usually - DRIPS from Treasury and Synthetic DRIPs.
DRIPs from treasury are where the company uses the distribution to give shares from treasury (usually at a discount to the average weighted price or give bonus shares) OR the DRIP could issue shares from Treasury at no discount.
Synthetic DRIPS are used by the stock brokerages to buy shares using the distirbution or dividend you received at the market price on the date of receiving the dividend without any commissions.
You can call up your broker (RBC) and tell them you want a blanket DRIP on your account which basically means that you will be enrolled for the DRIP in all the companies in your portfolio or you can enroll individually.
DRIPS are a good way to add to more shares commission free. You just do not know the price at which it is invested. If you are investing in TFSA it is not an issue but if you invest in a taxable account you have to adjust the dividends paid out to your ACB (Adjusted Cost Base).