Financial 15 Split Corp T.FTN

A question regarding DRIP

[PLang88]

Hello, I'm new to drip and I'm wondering if there is such a thing as DRIP at the Nav. I came across a podcaster explaing that he does this with a US fund called Cornerstone and there is special rules regarding it. Do we have anything like this in Canada and if so does Quadravest has a similiar setup?

[mouserman]

NAV wouldnt matter... as a DRIP as an autmatic reinvestment of distributions. WIth these split funds , the distributions generally do NOT change, atho BK has a distributions based on the last 3 days of the trtading price in the previous month, so the distributions can change , usually quite small tho. Point is the NAV only determines whether common shares  get paid. Preferreds would get paid,

[PLang88]

Hi Mouserman..I understand how NAV's determines whether common shares get paid. I want to clarify my question with an example. So I have learned that Cornerstone ticker CRM has a program where for example the stock is priced at $8.02USD and the DRIP makes purchases between a range of $6.27-$6.85USD per unit under a DRIP at the nav program. So essentially if you follow the rules of this program

[PLang88]

Correction the stock code is CRF.

[es25]

Unique just for Crf and Clm in the US only. We are out of luck.