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DRiPs for Canadian Investors
Moderator is Robert D. Gibb

Date: 3/15/2012 10:36:25 AM
Frequently Asked Questions
Author: Computershare
Subject: 30496/38864 - BMO OCP
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vaughnstewart on 3/12/2012 2:06:07 PM

Just added BMO to my drips and received the share certificate today (thanks J Parish). I note that the BMO date of record is May 1st and Payment Date May 28th. If I send them a cheque for an OCP so they recieve it in good time for April 30th, will I have the shares credited to me by the May 1st DOR? If need be I can sent it by the end of March to get in on this quarter's dividend. Also doing BNS now - before the end of March - BNS DOR is April 3rd, so I think I am OK with that one. I'm new to this so others past experience would be helpful in timing my OCP dates - monthly payments for quarterly dividends is a little confusing for a newbie

Get_Rich_DRiP on 3/12/2012 5:03:11 PM

BMO does send a calendar every year with cash cut-off dates and investment periods. BMO purchases additional OCP shares on the last business day of the month, as long as Computershare has the cheque at least 5 business days earlier. So if you have your OCP cheque to Computershare by April 23rd, the shares will be purchased on the April 30th investment date, and those shares purchased will be eligible for the next dividend.

Computershare requires your BNS OCP cheque at their offices by March 29th for the March 30th purchase date, and the shares purchased will be eligible for the April 26th dividend.

Computershare on 3/15/2012 9:36:25 AM


The BMO 2012 Cash Cut Off Dates and Investment Periods can be found on our Investor Centre website using the following link:

[Website Address]


LiveSimple on 10/31/2012 11:12:37 PM

I sent my first OCP $300
today it was purchase day and i see that i got 5 something shares with value $297.98?
what happened to $ 2.02?

Wayneman on 11/1/2012 6:08:25 AM

what happened to $ 2.02?

Sandy got it. It just blowed away.

(More likely the price went down since you bought it.)

OperaBob on 11/1/2012 11:00:42 AM


The price you pay is the average of all "board lots" (multiples of 100 shares) that traded over a 5 day period.

The value you see is based on the closing price the last day of trading so there can be a discrepency but trust us you'll be very happy down the road!


OperaBob on 11/1/2012 11:02:26 AM

Multiply the number of shares x the price you paid. That should come out almost exactly to $300.

If it doesn't email me.


Get_Rich_DRiP on 11/1/2012 12:13:28 PM

BMO purchased shares on October 31st for OCPs at $59.42/share, so a $300 OCP would have purchased 5.048805 additional shares.

LiveSimple on 11/1/2012 7:21:40 PM

LOL /if it were SANDY,then no hope,if they just went down - there is a hope down the road/

tnx checked my account i have 5.048805
but my first thought was like WHAT???? THEY SAID NO FEES????


newdripper14 on 6/25/2015 5:17:05 PM

I know the Investment date was the 10th of this month for BMO, but my purchase is still in "Awaiting Price" status. Anyone else having the same issue?

demonleon on 6/25/2015 6:06:28 PM

Read the plan brochure on Computershare's website. Look for "Investment Period".

luke_s on 6/26/2015 5:56:50 AM

I know the Investment date was the 10th of this month for BMO, but my purchase is still in "Awaiting Price" status. Anyone else having the same issue?

did you just get the share recently? if so then you probably missed the deadline for this month

OperaBob on 6/26/2015 6:32:13 AM

It used to be common.


drddrip on 7/5/2015 4:23:17 PM

I have the same issue with SU this month. I called Computershare and was told that the dividend was definitely reinvested, but that my OCP was 'being audited'. This was my forth dividend to be reinvested, and my second OCP. My first OCP was done via Canada Post and personal cheque. This one was my first by PAD. I've decided to wait patiently for Computershare to work through the process.

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