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Date: 1/1/2009 4:12:42 PM
Author: slimshady Country Flag
Subject: 12259/19608 - running a DRIP and SPP from a discount brokerage
 
 
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Message:

I've done a little research and found postings that the DRIPS offered by discount brokers are synthetic DRIPS that won't invest partial units and only allow it if you subscribe to it for all companies you own.

I have been looking into the Enbridge Income Fund (ENF) and the DRIP registration documents specifically are meant to be provided to your broker for enrollment, they also offer a monthly purchase program which is to be also sent to your broker for enrollment.
Does anyone know if this means you can get full reinvestment of the distribution including partial units this way and if my broker will charge me commission for any monthly purchases under the plan?
 
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