Empire District Electric (EDE) 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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$50 |
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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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$1.00 |
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Optional
Cash Purchase |
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$1.45 |
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Reinvestment
Fee |
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None |
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$15.00 |
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Company
Web Site |
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Additional
Plan Information |
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Empire District Electric Company DRIP Details:
The AGL Resources Direct Stock Investment Plan offers a mediocre holding vehicle for your Empire investment unless you already own Empire stock. The Empire DRIP requires you to own at least 1 share prior to enrolling in the plan, but the plan offers no account setup fees, lower than average optional stock investment fees, no dividend reinvestment fees, and a discount on reinvested dividends. For most individual investors who don't already own Empire Distrcit Electric stock, a low cost brokerage such as Sharebuilder will be the lowest cost holding vehicle for your EDE investment given the expense of purchasing 1 share in your name to enroll in the plan.
Pros:
No account setup fee
Lower than average optional investment fees
No dividend reinvestment fees
Dividends are reinvested at 97% of the preceding three day trading average of the EDE stock price
Cons:
Requires 1 share to enroll
Above average stock sale fee