Canadian Dividend Reinvestment Plans (DRIPs): Another New Year, Another New Update!!
        
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Friday, January 18, 2008

Another New Year, Another New Update!!

I have made some massive changes to the site after being inactive for a while. Please see the lists below for full details.

As well, thank you everyone for patience. I hope that the time between updates will not be so long in future.

I have added the following new plans:
1. Builders Energy Services Trust (BET.UN)
2. Charter REIT (CRH.UN)
3. Deepwell Energy Services Trust (DWL.UN)
4. Enerflex Systems Income Fund (EFX.UN)
5. Energy Savings Income Fund (SIF.UN) – NOTE: 500 shares needed to enroll
6. EnerVest Energy & Oil Sands Total Return Trust (EOS.UN)
7. Extendicare REIT (EXE.UN)
8. Fairway Investment Grade Income Fund (FGF.UN)
9. Fording Canadian Coal Trust (FDG.UN)
10. Huntingdon REIT (HNT.UN)
11. InStorage REIT (IS.UN)
12. Killam Properties (KMP)
13. Long Reserve Life Resource Fund (LRF.UN)
14. Macquarie Power & Infrastructure Fund (MPT.UN)
15. Medical Facilities Corporation (DR.UN)
16. Oil Sands Sector Fund (OSF.UN)
17. Precious Metals and Mining Trust (MMP.UN)
18. Sentry Select China Fund (CHZ.UN)
19. Shaw Communications (SJR.B)
20. Strategic Energy Fund (SEF.UN)
21. Superior Plus Income Fund (SPF.UN)
22. Top 10 Canadian Financial Trust (TCT.UN)
23. Uranium Focused Energy Fund (UF.UN)
24. Westshore Terminals Income Fund (WTE.UN)


I have updated the following plans:
1. Alcan Aluminium Incorporated- firm taken private by Rio Tinto
2. Amalgamated Partnership Income Units - DRIP suspended
3. Bonnett's Energy Services Trust - DRIP suspended
4. Canetic Resources Trust - merged into PrimeWest Energy Trust
5. Cominar Nihon REIT – changed name to Cominar REIT
6. Daylight Energy Trust - name changed to Daylight Resources Trust; Minimum amount changed to $1,000 from $2,000 while the maximum changed to $100,000 per month instead of $100,000 per year
7. Enbridge Incorporated (ENB) - 2% discount added
8. Ipsco Incorporated - firm taken private by SSAB Canada Inc.
9. MCAP Incorporated - name changed to MCAN Mortgage Corporation (MKP)
10. MDS Incorporated - DRIP suspended
11. PrimeWest Energy Trust - firm taken private by the Abu Dhabi National Energy Company, also known as TAQA

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

Happing DRIPping,
Ken


Great prices on Brand New business books!


# posted by Ken Cenerelli : 10:48:00 p.m.
Comments:
hi
my name is richard.
one question.
went starting what is the best online discount brokerage.
# posted by Anonymous Anonymous : Wednesday, March 05, 2008 10:06:00 p.m.
 
Hi Richard,

I use TD Waterhouse. They are convenient but I don't know if they are the best. BMO InvestorLine usually ranks among the best. However, neither of these are the cheapest.

I would recommend asking this question on the "Beginner's Corner" board at http://www.dripinvesting.org/Boards/Boards.asp It's a site exclusively for DRIPpers and a lot of people there are using discount brokerages. I am sure they will have more than enough information for you. Since I frequent the boards often I will see you there!

Ken
# posted by Blogger Ken Cenerelli : Thursday, March 06, 2008 10:22:00 a.m.
 
I just looked up Transalta Corp and their ticker symbol is TAC not TA.
This is a great site though, thanks for doing all this work!
Sondra
# posted by Blogger mango : Wednesday, April 23, 2008 10:12:00 p.m.
 
Ken,

Vermillion Energy trust has discontinued both the Share Purchase Plan and the Dividend reinvestment plan. SPP in early 2008 and DRIP a few months ago.

Charles Campbell
newgreencanada@yahoo.ca
# posted by Anonymous Anonymous : Tuesday, September 16, 2008 12:56:00 p.m.
 
hello Bloggers!

I've started initiating my 6yr old boy to the finance world. He has his own little bank at home in which he keeps currency from dozens of countries, he has his own savings account in which he follows and deposits funds.

I want to investigate the possibility of investing directly in blue chip companies. What do you suggest for a 6 yr old? I want to incorporate a 'fun' factor, something to get him really excited about it .... more so than he already is.

Looking forward to your insight,

Regards,

Eric Leclair
# posted by Anonymous Anonymous : Friday, November 21, 2008 10:53:00 a.m.
 
Hi Eric,

Canada does not have a lot of kid-friendly DRIPs unfortunately. Whereas the U.S. has company's like Disney and McDonald's, our DRIPs are mostly in the financial and energy sectors. If you wish to stay in Canada, you might want to incorporate some banks (BMO, CM or BNS - can't go wrong with any of them), a gas company (SU or IMO - he's gonna grow up someday and wanna drive) and perhaps Telus (he's gonna wanna cell phone soon enough).

In a couple of books by Derek Foster he talks about setting up DRIPs for his kids. You might want to have a look at what he's chosen.

This is just my two cents. What does eveyone else think?

Ken
# posted by Blogger Ken Cenerelli : Friday, November 21, 2008 11:02:00 a.m.
 
Thanks Ken.

Actually, he gets really excited about banks. His uncle is a high level retired banker. He often has 'meetings' with him!

I am a customer of BMO and Questrade ..... who would you suggest for a DRIP account?

Thanks again ..... at 6 yrs of age, can you imagine what a regular investment in blue chips will look like when he gets older!

Cheers!

Eric

Regards,

Eric Leclair
# posted by Anonymous Anonymous : Friday, November 21, 2008 11:08:00 a.m.
 
Eric,

Not sure what you mean by this: "I am a customer of BMO and Questrade ..... who would you suggest for a DRIP account?"

If you mean should you use BMO's DRIP versus a synthetic DRIP within a brokerage, the company's DRIP is always the better choice. Here's why. The synthetic DRIP will only reinvest whole shares and leave any fractional amounts as dollars within your account. So, if you get $50 in dividends and BMO is trading at $45, then you will get one share reinvested and have $5 left in your account.

Whereas with the BMO program you get the whole dividend reinvested. You would then get 1.111111 shares posted to your account. Plus, you don't have to pay the initial trading fee to purchase the BMO stock in the first place.

Ken
# posted by Blogger Ken Cenerelli : Friday, November 21, 2008 11:20:00 a.m.
 
Thanks Ken.

What I meant is I have brokerage accounts with Questrade and BMO Investorline.

You answered my question .... better to deal directly with the companies we will choose to invest in. Correct?

Eric
# posted by Anonymous Anonymous : Friday, November 21, 2008 12:23:00 p.m.
 
I think it's better to deal directly with the companies. However, there are benefits and drawbacks to both. The flexibility you gain by using a broker over when to invest and at what price is sacrificed when you use a company's DRIP plan as you are on their schedule. However, most plans are fee free, they re-invest fractions and you can sometimes get discounts on your reinvestments.
# posted by Blogger Ken Cenerelli : Friday, November 21, 2008 1:29:00 p.m.
 
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<< 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