Magellan Petroleum Corporation (MPET) DRIP
DRIP Plan Highlights |
|||
Enrollment |
|
|
|
Initial Purchase |
|
$250 |
|
|
|
|
|
Purchases |
|
|
|
Minimum
purchase |
|
$25.00 |
|
Maximum purchase |
|
$10,000.00 |
|
|
|
|
|
Fees |
|
|
|
Account
Setup Fee |
|
None |
|
Automatic
Invesment Fee |
|
$2.50 |
|
Optional
Cash Purchase |
|
$2.50 |
|
Reinvestment
Fee |
|
N/A |
|
|
|
|
$15.00 |
|
|
|
|
Company
Web Site |
|
||
Additional
Plan Information |
Magellan Petroleum Corporation DRIP Details:
The Magellan Petroleum Direct Stock Investment Plan offers a mediocre holding vehicle for your Magellan Petroleum investment with no account setup fees, but does charge optional stock investment fees. The company currently does not have a dividend or a dividend reinvestment fee. For most long term investors a low cost brokerage such as Sharebuilder will be the lowest cost holding vehicle for your MPET investment.
Pros:
No account setup fee
Lower than average optional investment fees
Low minimum initial investment ($250)
Cons:
Above average stock sale fee