Thursday, March 06, 2008

News on two DRIP plans

While researching changes to my list for the most recent update, I found a couple of news items that may impact some DRIPpers that frequent these boards.

Energy Savings Income Fund Amends DRIP Program
TORONTO, ONTARIO--(Marketwire - Jan. 24, 2008) - Energy Savings Income Fund (the "Fund") (TSX:SIF.UN) announced today that it has amended the Distribution Reinvestment and Optional Cash Payment Plan (the "Plan") to reduce the minimum number of Units required to be held by Unitholders to participate in the Plan from 500 Units to 100 Units. The amended Plan will enable Unitholders holding a minimum of 100 Units to acquire additional Units of the Fund.


Impax Energy Services Income Trust Announces Suspension of Cash Distributions
TORONTO, ONTARIO--(Marketwire - Dec. 6, 2007) - Impax Energy Services Income Trust (the "Trust" or "Impax") (TSX:MPX.UN) announced today that the Trust is suspending its monthly distributions following the payment of the previously announced distribution to unitholders of record as of November 30, 2007, scheduled for payment on December 14, 2007. Impax Energy Services Master Limited Partnership ("Impax LP") is also announcing the suspension of its Distribution Reinvestment Plan ("DRIP") in accordance with its terms. The DRIP provides the opportunity for holders of Exchangeable Class A and Class B Units of Impax LP to reinvest their cash distributions in additional Exchangeable Class A Units of Impax LP from treasury. The suspension of the DRIP will not affect the distribution payable on December 14, 2007, which will be reinvested in Exchangeable Class A Units.

Happing DRIPping,
Ken



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7 comments:

  1. AnonymousMonday, April 21, 2008 4:43:00 p.m.

    I believe that Foremost Income fund has suspended their DRIP program.

    ReplyDelete
  2. multimil13Monday, June 09, 2008 10:15:00 a.m.

    When a company suspends its DRIP do most drippers trade the shares? For example FCE.UN . What does this indicate when they suspend the DRIP?

    ReplyDelete
  3. AnonymousThursday, January 29, 2009 9:49:00 a.m.

    Hi Ken,

    Have you abandoned this blog? Is there another site that has and up to date canadian drip list?

    ReplyDelete
  4. Ken CenerelliThursday, January 29, 2009 10:21:00 a.m.

    Hello Everyone,

    Sorry for the delay between updates.

    Brian, I am actaully in the midst of a massive new update to my DRIP list and it should be ready in a few days.

    Thanks for your patience and keep checking back!

    Ken

    ReplyDelete
  5. AnonymousFriday, January 30, 2009 5:23:00 p.m.

    Thanks Ken, glad to hear you haven't left.

    ReplyDelete
  6. AnonymousSunday, February 15, 2009 5:18:00 p.m.

    Ken - great job. I note however that some companies (ie. TD) seem to offer a discount/bonus, but you do not indicate as such in your chart. I've noticed this on several occasions..are you going to update your site accordingly?

    ReplyDelete
  7. UnknownSunday, August 23, 2009 10:38:00 a.m.

    Ken,

    Here is another new one for your list: IGW REIT is offering a 3% discount. Details are here: http://www.league.ca/pdf/DRIP_Program_Info.pdf.

    Love the list! Keep it up!

    ReplyDelete