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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

Sale Fee

 

 

$15.00

 

 

 

 

Company Web Site

 

http://www.magellanpetroleum.com/

Additional Plan Information

Agent Site



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