Canadian Dividend Reinvestment Plans (DRIPs): Mid-January update
        
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Saturday, January 20, 2007

Mid-January update

After the October announcement of taxation on Income Trusts, there has been some severe fallout. Some trusts have ceased distributions while others have suspended their DRIPs. I am sure there will more changes to come in future.

As such, we are adding three new plans and disposing of another six. I have also modified one plan that has removed their Optional Cash Purchase plan. Please see the list below for full details.

I have added the following new plans:
1. Faircourt Split Seven Trust
2. Focus Energy Trust
3. Lanesborough REIT

I have deleted the following plans:
1. Alexis Nihon REIT – merged with Cominar REIT to form Cominar Nihon REIT
2. Canadian Oil Sands – DRIP suspended
3. O & Y REIT – merged into Brookfield Asset Management Inc.
4. Precision Drilling – DRIP suspended
5. Retirement Residences REIT – taken private
6. True Energy Trust – DRIP suspended

I have also updated the following plans:
1. Alcan Aluminium Incorporated – Share Purchase Plan suspended

That's it for now. As always, if you see any discrepancies please post a comment.

Happing DRIPping,
Ken


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# posted by Ken Cenerelli : 3:15:00 p.m.
Comments:
FYI MDS has dropped spp and Drip
# posted by Anonymous Anonymous : Saturday, January 20, 2007 10:45:00 p.m.
 
Hi,

I don't know how else I should contact you but to post here. I'm a undergrad student from Ottawa U. I've some financial questions regarding no-load stock I'd like to know more about. I'm just hoping that you can give me some advice/answers. And I do want to keep this private. Here is my email hyeun023@uottawa.ca If you don't mind, can you just send me a message so that I can ask you those in private?
Thanks
# posted by Blogger Dom : Monday, January 22, 2007 11:33:00 p.m.
 
Westfield REIT has now changed it's name to Artis Reit. DRIP still intact.
# posted by Anonymous Anonymous : Monday, February 19, 2007 10:54:00 a.m.
 
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# posted by Blogger Unknown : Saturday, May 26, 2007 10:17:00 a.m.
 
Good afternoon, Is there a way for a U.S. citizen to invest utilizing the optional cash purchase features of the Canadian Trusts? I'd love to know if this is possible? Thank you, U.S.Citizen
# posted by Anonymous Anonymous : Thursday, August 02, 2007 3:43:00 p.m.
 
U.S.Citizen,

It is dependent upon each security and the rules they have in place as to whether U.S. citizens can contribute through OCPs. It's in your best interest to check the security your interested in to see what is available to you.

Ken
# posted by Blogger Ken Cenerelli : Sunday, August 05, 2007 8:32:00 a.m.
 
Hi,

Can you tell me if dividends from a Canadian income trust receive favourable dividend treatment compared to dividends from a corporation? I tried to look it up on the CCRA website but there are too many bulletins to read.

I would like to start investing and have decided that DRIPping is the way to go.

Thanks.
# posted by Blogger Andy : Thursday, October 04, 2007 11:33:00 a.m.
 
ANDY: In short, yes. Read more here:

http://taxtips.ca/divtaxcredits.htm
# posted by Anonymous Anonymous : Monday, October 08, 2007 10:50:00 a.m.
 
Contrans has suspended their drip
# posted by Blogger brew : Friday, November 02, 2007 5:08:00 p.m.
 
hi ken-a new one:
BUILDERS ENERGY SERVICES (BET.UN)
# posted by Anonymous Anonymous : Wednesday, November 07, 2007 5:26:00 p.m.
 
Credit Cards and other money issues here have been very informative.
Thanks.
# posted by Anonymous Anonymous : Sunday, November 11, 2007 2:40:00 p.m.
 
Hi I'm new to dripping and was given a list of stocks to buy and would like a second opinion.

ps what is the discount rate mean?
# posted by Blogger Joe : Tuesday, November 27, 2007 12:17:00 a.m.
 
Here is the list

Scotiabank
Enbridge
Imperial Oil
Fortis
Riocan REIT
# posted by Blogger Joe : Tuesday, November 27, 2007 12:19:00 a.m.
 
Endbridge: Receive a two per cent discount on the purchase of common shares with reinvested dividends
http://www.enbridge.com/investor/stockInformation/dividends/reinvestment.php
# posted by Anonymous Anonymous : Tuesday, January 15, 2008 10:12:00 p.m.
 
ken,

how come your drips list is mostly in the form of income trust? Does that mean a lot of stocks don't offer drips and I have a few other questions to ask you too. Please reply me at trapgunner@hotmail.com

Thanks a lot
# posted by Anonymous Anonymous : Friday, January 18, 2008 12:26:00 a.m.
 
Contrans has reinstated their DRIP
# posted by Blogger brew : Friday, January 18, 2008 8:13:00 a.m.
 
Post a Comment

<< Home

List of Canadian DRIPs & SPPs

Company

Symbol

 DRIP? SPP? Discount? Minimum Maximum
Aberdeen Asia-Pacific Income Investment Company Limited FAP Y Y N $100/Month $20,000/Year
ACTIVEnergy Income Fund AEU.UN Y Y 5% $100 -
AGF Management Limited AGF.B Y N N N/A N/A
Agnico Eagle Mines Limited AEM Y Y 5% US$100 US$20,000/Year
Allied Properties REIT AP.UN Y N 5% N/A N/A
AltaGas Ltd. ALA Y Y 5% $1,000 $100,000/Month
ARC Resources Ltd. ARX Y Y 5% $500 $3,000/Month
Artis REIT AX.UN Y Y 4% $1,000 $10,000
Bank of Montreal BMO Y Y N - $40,000/Year
Bank of Montreal Exchange-Traded Funds (ETFs) - Y N N N/A N/A
Bank of Nova Scotia BNS Y Y 2% $100/Month $20,000/Year
Baytex Energy Corp. BTE Y N 5% N/A N/A
BCE Inc. BCE Y Y N - $20,000/Year
Bell Aliant Inc. BA Y Y N - $3,400/Month
Brompton Oil & Gas Income Fund OGF.UN Y Y 5% - -
Brompton VIP Income Fund VIP.UN Y Y 5% - $20,000/Year
Brookfield Asset Management Inc. BAM.A Y N N N/A N/A
Brookfield Office Properties Canada BOX.UN Y N N N/A N/A
Brookfield Properties Corp. BPO Y N N N/A N/A
CAE Inc. CAE Y N N N/A N/A
Calloway REIT CWT.UN Y N 3% N/A N/A
Canadian Apartment Properties REIT CAR.UN Y N 5% N/A N/A
Canadian General Investments, Limited CGI Y Y N $100/Quarter $5,000/Quarter
Canadian REIT REF.UN Y Y 4% $250/Month $25,000/Year
Canadian Tire Corporation CTC Y N N N/A N/A
Canadian Western Bank CWB Y N N N/A N/A
Canexus Corporation CUS Y N 5% N/A N/A
Capstone Infrastructure Corporation CSE Y N N N/A N/A
Caribbean Utilities Company, Ltd. CUP.U Y N N N/A N/A
Cenovus Energy Inc. CVE Y N N N/A N/A
Cervus Equipment Corporation CVL Y N 5% N/A N/A
Chartwell Seniors Housing REIT CSH.UN Y N 3% N/A N/A
Churchill Corporation CUQ Y N 5% N/A N/A
CIBC CM Y Y 2% $100 $50,000/Year
Citadel Income Fund CTF.UN Y N N N/A N/A
Claymore Exchange-Traded Funds (ETFs) - Y N N N/A N/A
ClubLink Enterprises Limited CLK Y N 5% N/A N/A
Cominar REIT CUF.UN Y N 5% N/A N/A
COMPASS Income Fund CMZ.UN Y Y 5% $100 -
Corus Entertainment CJR.B Y N N N/A N/A
Crescent Point Energy Corp. CPG Y N 5% N/A N/A
Daylight Energy Ltd. DAY Y Y 5% $1,000 $100,000/Month
DDJ High Yield Fund HYB.UN Y N 5% N/A N/A
Dundee REIT D.UN Y Y 4% $1,000 $250,000/Year
Dundee International REIT DI.UN Y Y 4% $1,000 $250,000/Year
Eagle Energy Trust EGL.UN Y N 5% N/A N/A
Emera Inc. EMA Y Y 5% $25/Quarter $5,000/Quarter
Enbridge Inc. ENB Y Y 2% - $5,000/Quarter
Enbridge Income Fund Holdings Inc. ENF Y Y N $100/Month $1,000/Month
EnCana Corporation ECA Y N N N/A N/A
Energy Income Fund ENI.UN Y N N N/A N/A
Enerplus Corporation ERF Y Y N N/A N/A
EnerVest Diversified Income Trust EIT.UN Y Y N - $1,000/Month
EnerVest Energy & Oil Sands Total Return Trust EOS.UN Y Y N $100 $1,000/Month
Equitable Group Inc. ETC Y N N N/A N/A
Exchange Income Corporation EIF Y Y 3% $100 $10,000/Month
Extendicare REIT EXE.UN Y N 3% N/A N/A
Firm Capital Mortgage Investment FC Y Y N $250/Month $12,000/Year
Flaherty & Crumrine Investment Grade Fixed Income Fund FFI.UN Y Y 5% - -
Fortis Inc. FTS Y Y 2% $100/Quarter $30,000/Year
Freehold Royalties Ltd. FRU Y N N N/A N/A
Gibson Energy Inc. GEI Y N 3% N/A N/A
GMIncome & Growth Fund GMF.UN Y Y 5% $100 -
H&R REIT HR.UN Y Y 3% $250/Month $13,500/Year
Homburg Canada REIT HCR.UN Y N 3% N/A N/A
HOMEQ Corporation HEQ Y N 4% N/A N/A
Horizon Alpha Pro ETFs - Y N N N/A N/A
Husky Energy HSE Y N N N/A N/A
Imperial Oil Limited IMO Y Y N $50/Quarter $5,000/Quarter
Income Financial Trust INC.UN Y N N N/A N/A
INDEXPLUS Dividend Fund IDF.UN Y Y 5% $100 -
INDEXPLUS Income Fund IDX.UN Y Y 5% $100 -
Intact Financial Corporation IFC Y N N N/A N/A
Inter Pipeline Fund IPL.UN Y N 5% N/A N/A
InterRent REIT IIP.UN Y Y 4% $250 -
Just Energy Group JE Y Y 2% $500/Month $100,000/Year
Keyera Corp. KEY Y N 3% N/A N/A
Killam Properties Inc. KMP Y N 3% N/A N/A
Lanesborough REIT LRT.UN Y Y 4% $1,000 $10,000/Month
Liquor Stores N.A. Ltd. LIQ Y N 3% N/A N/A
Manitoba Telecom Services Inc. MBT Y Y 3% $100 $20,000/Year
Manulife Financial Corporation MFC Y Y 3% $100/Quarterly $250,000/Year
MCAN Mortgage Corporation MKP Y N N N/A N/A
Medical Facilities Corporation DR Y N N N/A N/A
MINT Income Fund MID.UN Y Y N $100 -
Morguard Corporation MRC Y N N N/A N/A
Morguard REIT MRT.UN Y N N N/A N/A
MOSAID Technologies MSD Y N N N/A N/A
Mulvihill Premier Canadian Income Fund PCU.UN Y N 5% N/A N/A
Mulvihill Top 10 Canadian Financial Trust TCT.UN Y N 5% N/A N/A
NAL Energy Corp. NAE Y Y 5% $1,000 $5,000/Month
National Bank of Canada NA Y Y N $500 $5,000/Quarter
Nexen Inc. NXY Y N 5% N/A N/A
Northland Power Inc. NPI Y N N N/A N/A
NorthWest Healthcare Properties REIT NWH.UN Y N 3% N/A N/A
Olympia Financial Group Inc. OLY-X Y Y N - -
Onex Corporation OCX Y N N N/A N/A
Parkland Fuel Corporation PKI Y N N N/A N/A
Partners REIT PAR.UN Y Y 3% $1,000 $12,000/Year
PATHFINDER Convertible Debenture Fund PCD.UN Y Y 5% $100 -
Pengrowth Energy Corporation PGF Y Y 5% - $1,000/Month
Penn West Exploration PWT Y Y 5% $500 $5,000
Phoenix Technology Services PHX Y N 5% N/A N/A
Plazacorp Retail Properties Limited PLZ-X Y N 3% N/A N/A
Potash Corporation POT Y N N N/A N/A
Precious Metals and Mining Trust MMP.UN Y N N N/A N/A
Primaris Retail REIT PMZ.UN Y N 3% N/A N/A
Progress Energy Resources Corp. PRQ Y N 5% N/A N/A
Provident Energy Ltd. PVE Y Y 5% $1,000 $100,000/Month
REIT INDEXPLUS Income Fund IDR.UN Y Y 5% $100 -
Retrocom Mid-Market REIT RMM.UN Y N 4% N/A N/A
RioCan REIT REI.UN Y Y 3.1% $250/Month $25,000/Year
Rogers Communications Inc. RCI.B Y N N N/A N/A
Royal Bank of Canada RY Y N N N/A N/A
Senior Gold Producers Income Corp GPC Y Y 5% - $20,000/Year
Shaw Communications Inc. SJR.B Y N N N/A N/A
Skylon Growth & Income Trust SKG.UN Y N N N/A N/A
Student Transportation of America Ltd. STB Y N 3% N/A N/A
Suncor Energy Inc. SU Y Y N $100 $5,000/Quarter
Sun Life Financial SLF Y Y 2% $100/Quarter $50,000/Year
Superior Plus Corp. SPB Y Y 5% $1,000/Month $20,000/Year
Telus Corporation T Y Y N $100/Month $20,000/Year
Thomson Reuters Corporation TRI Y N N N/A N/A
Timbercreek Mortgage Investment Corporation TMC Y N 5% N/A N/A
Tim Hortons THI Y Y N $25 $250,000/Year
Toronto-Dominion Bank TD Y N 1% N/A N/A
Torstar Corporation TS.B Y N N N/A N/A
TransAlta Corporation TA Y Y 3% - $5,000/Quarter
TransCanada Corporation TRP Y Y N $50/Quarter $10,000/Quarter
TransGlobe REIT TGA.UN Y N 3% N/A N/A
Triax Diversified High-Yield Trust TRH.UN Y N N N/A N/A
Troy Resources NL TRY Y N 5% N/A N/A
Valener Inc. VNR Y N 5% N/A N/A
Veresen Inc. VSN Y N 5% N/A N/A
Vermilion Energy Trust VET Y N 5% N/A N/A
Whiterock REIT WRK.UN Y Y 4% $250 -
Yellow Media Inc. YLO Y N 5% N/A N/A
YIELDPLUS Income Fund YP.UN Y Y 5% $100 -
Zargon Oil & Gas Ltd. ZAR Y N 5% N/A N/A

LEGEND: Company - name of company offering a Dividend Reinvestment Plan (DRIP); Company Hyperlink - click the link to view the plan details;
Symbol - company's stock ticker symbol; Symbol Hyperlink - click the link to view the current Globe Investor stock quote; DRIP - does the company have a DRIP?;
SPP - does the company offer a Share Purchase Plan (SPP) or Optional Cash Purchase Plan (OCP) which allows the user to purchase additional shares/units through the company's transfer agent?;
Discount - does the company offer a discount on the price of additional shares/units purchased through an SPP/OCP or through dividend reinvestment?;
Minimum - the minimum amount per SPP/OCP; Maximum - the maximum amount per SPP/OCP; Highlighted Row - company has an SPP/OCP