RE:RE:DRIPFYI: Copied from BNS web site
Noted: in the past we DRIPed every Div/Dist possible to take advantage of any discounting.
Quote : Common and preferred shareholders wishing to acquire additional common shares of the Bank may take advantage of a cost-free Shareholder Dividend and Share Purchase Plan.
At this time, the bank has decided to issue additional shares from treasury at a 2% discount from the average market price (as defined in the Plan) and this will continue until further notice, by way of press release.
The Plan provides a convenient method for eligible shareholders either to invest cash dividends in new common shares of the Bank or to receive dividends in the form of additional common shares of the Bank (stock dividends).
As well, eligible shareholders may invest up to $20,000 per fiscal year in the purchase of additional common shares.
Participants pay no brokerage commission or service charges for share acquisitions under the Plan, and all administrative costs of the Plan are paid by the Bank.