Cleco Corporation (CNL) DRIP
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DRIP Plan Highlights |
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Enrollment |
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Please note: This DRIP does not allow initial
investments by non-shareholders. Only existing shareholders may enroll in
this DRIP. |
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Minimum
shares required to enroll |
1 Share |
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Purchases |
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Minimum
purchase |
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$25 |
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Maximum
purchase |
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$120,000 |
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Fees |
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Account
Setup Fee |
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None |
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Automatic
investment Fee |
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$2.50 |
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Optional
Cash Purchase |
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$5 |
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Reinvestment
Fee |
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5% upto $3 |
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$15 |
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Company
Web Site |
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Additional
Plan Information |
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Cleco Corporation DRIP Details: Cleco Corporation is an energy services company that operates in Louisiana. The Cleco Corporation Dividend Reinvestment Plan offers a poor holding vehicle for your Cleco Corporation investment unless you already have shares as it requires shares to enroll in the plan. For investors without existing Cleco Power shares a low cost brokerage such as Sharebuilder would be the lowest cost holding vehicle for your CNL investment.
Pros:
None
Cons:
Requires 1 share to enroll
Dividend reinvestment fees
Above average sales fee