Canadian REITS, Trusts & Dividend Stocks Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Peter W. Panchyshyn who wrote (2803)	3/12/2002 12:24:01 PM
From: J-R	Read Replies (2) of 11633

Question for the board: I have three Trusts now in my LT acount. I have made that account a DRIP - "Dividend Re-investment". Does anyone have any experience with how that works? 1. Does the company (eg. PWI) calculate my dividend and then issue me new stock and transfer same to my acount? OR 2. Does the company calculate my dividend and then purchase existing stock for me? OR 3. Does the company pay my bank the dividend and my bank buys new stock for me? And when I get this DRIP re-investment, do I have to pay transaction fees on it each month?? Just wondering aloud. Any help appreciated. Called my bank for answers and the message machine advised me that the wait would be 20 minutes "or more"!!! :) JR

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next