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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: mark calgary who wrote (806)	3/20/2001 3:33:55 PM
From: stan_hughes	Read Replies (1) \| Respond to of 11633

Mark - Haven't had that problem with Waterhouse (I haven't tried) but I sure have with Schwab. I hold some PWI and last year I asked Schwab to enrol the units in the PWI DRIP, which they reported they did, and then I found out later that they don't enrol you in the issuer's DRIP, they enrol you in their own internal DRIP. These internal DRIPs have rules that differ from those of the issuer, which in the case of holding PWI at Schwab means you don't get PWI's average cost calculation nor do you get the 5% discount to market on reinvestment, a little fact that Schwab fails to disclose. I have wondered more than once how many investors are getting screwed on this arrangement and probably don't even know it, and I was considering making a formal complaint to the securities authorities about this little scam. Then I found out what you did (i.e. that there are no rules in this area), and that most brokerages just freeze you out of the DRIP. I also looked into registering the units in an account directly at the issuer's transfer agent but that seemed like overkill just to solve this one particular problem. So I just pretend that PWI doesn't have a DRIP LOL. If your institution works with a particular energy trust, you might get lucky and be allowed into the DRIP, but probably not with too many different trusts in the same account in a diversified portfolio. It would seem that even at the senior levels here in 2001, the investment stewardship business still isn't all that we would have it be, and 'caveat emptor' still applies. In the case of certain bank houses, my guess is that they won't participate because they haven't yet figured out how to build in a fee for themselves. To their credit however, it seems they aren't slimy enough (yet) to pull what Schwab is pulling on their customers. IMO the whole matter needs to be viewed in association with all the various advantages and disadvantages of dealing with any particular firm. Good luck with whoever you end up with.

To: mark calgary who wrote (806)	3/20/2001 4:46:25 PM
From: Scott Mc	Respond to of 11633

I dont like TD, recently I exercised some warrrants on NCE Diversified with in 10 mins at TD and Bk of Mtl. I got the dividend at Investorline but missed it by 2 days at TD,

To: mark calgary who wrote (806)	3/20/2001 4:50:51 PM
From: Goldberry	Read Replies (1) \| Respond to of 11633

TD doesn't do DRIPS in the formal way through the company and I have tried without success to get them to as some companies used to give a discount to the market. They only do drips in major companies and buy the stock themselves on the market with the dividend and charge $1.00 each time. They are a royal pain in the ass. For example say you have TRP and enroll in the DRIP then either buy or sell some stock. They don't automatically update your account you have to contact them each time to make sure you are enrolled. They treat it like they are doing you a service not the other way around.