RE:RE:RE:RE:RE:RE:Newbie DRIP question
Here is the blurb from the company website under their investor relation tab. I only noticed the discount when I checked my trading account transactions and noticed the Jan re-investment was at $2.6671 per share. 3% discount. Hadn't seen that before in other DRIPS owned. Happy surprise.
Terms used but not otherwise defined herein shall have the meaning attributed thereto in the DRIP. 1. What is the DRIP? The DRIP permits eligible Shareholders (Participants) to automatically reinvest cash dividends paid on their common shares of the Corporation (Common Shares) into additional Common Shares. Common Shares distributed under the DRIP will, at the option of the Corporation, be issued from the treasury of the Corporation at a discount or purchased by Computershare Trust Company of Canada (the Plan Agent) in the open market on a stock exchange at no discount, or a combination of both and, in each case, in the manner specified in the DRIP. Common Shares acquired under the DRIP will automatically be enrolled in the DRIP.