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Moderator is Robert D. Gibb

Date: 1/20/2019 11:04:53 AM
Author: Wayneman Country Flag
Subject: 39133/39422 - Re: best way to cashout of Drips?
 
 
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Message:

The transfer agent will sell some shares for you and mail you a cheque, but only for those companies that allow it, not all.

For the rest, the transfer agent will mail you a certificate for the whole shares and a cheque for the fractions.

Take the certificate to your broker and deposit it. Then you can sell on the market when you want.
A number of discount brokers will do so without any charge. I have used Royal Bank's Direct Action and all I did was take it to the bank and they sent it to Toronto headquarters via their own courier service.
 
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