SI
SI
discoversearch

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.
Non-Tech : DRIPs -- Dividend reinvestment plans -- Ignore unavailable to you. Want to Upgrade?


To: Rick Kunz who wrote (248)11/24/1997 6:48:00 PM
From: Terrapin  Respond to of 263
 
Rick,

Thanks for the quick response! I'll contact the transfer agent to get more info on the charges. I can see this thread will be a great help around tax time! <g>

I'll let you know about the plan,
Regards,
John



To: Rick Kunz who wrote (248)1/3/1998 2:26:00 PM
From: Terrapin  Read Replies (1) | Respond to of 263
 
Hello again Rick,

I finally got word from TYC's investor relations regarding their DRIP. Here's what she said"

"Date: Wed, 31 Dec 97 14:40:00 GMT
From: kmanning@tyco.geis.com
To: jkolb@neuron.uchc.edu
Subject: Dividend Reinvestment Plan

Dear Mr. Kolb:

In response to your e-mail, brokerage commissions on activity in Tyco
International Ltd.'s Dividend Reinvestment Plan are 0.06 per share; Service
charges are $7.50 if you elect custodial safekeeping, and $2.50 for sales of
shares in the plan and upon termination of the account. If you have further
questions you can contact either Dave Brownell or me by phone at 603-778-9700
or by e-mail directly at kmanning@tyco.geis.com.

Sincerely,

Kathy Manning
Director, Investor Relations"

I'm not sure if the $0.06/share is for additional purchases or those purchased from dividends. I am very happy with the company and will remain a shareholder but I don't know how this plan compares with others. Do these charges sound reasonable?

Thanks for any insight,
John