RE:DRIPUnfortunately, everything hit hard and fast so I'm sure other people who DRIP other stocks will see something similar.
Official DRIP price:
$17.3796 This is how it works: it is based on an average price and the plan broker handles the DRIP. Similar to all other company DRIPs will perform similarly.
"Average Market Price", in respect of a particular Dividend payment date, refers to the arithmetic average (calculated by the Plan Broker to four decimal places) of the daily volume weighted average trading prices of the Shares on the TSX (after taking into account any trading reversals or adjustments, corrections or similar changes with respect to the Shares) for the trading days on which at least one board lot of Shares is traded on the TSX during the corresponding Pricing Period, subject to such adjustments as Inter Pipeline may, in its sole discretion, determine to be appropriate to account for (i) a change in the aggregate number of Shares outstanding into a greater or lesser number of Shares, (ii) a reclassification of the Shares, or (iii) a merger, reorganization or other transaction affecting the Shares.
"Pricing Period", in respect of a particular Dividend, refers to the period beginning on the later of the 21st Business Day preceding the Dividend payment date and the second Business Day following the record date applicable to that Dividend payment date, and ending on the second Business Day preceding the Dividend payment date.
https://www.interpipeline.com/investor/sharepricedividends/share-price-dividends.cfm
https://www.interpipeline.com/files/pdf/DRIP/Final_Inter_Pipeline_Premium_DRIP_Plan_-_Feb_4_2020.pdf