The First of Long Island Corporation (FLIC) 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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$5,000 |
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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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None |
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Optional
Cash Purchase |
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None |
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Reinvestment
Fee |
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None |
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$15 |
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Company
Web Site |
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Additional
Plan Information |
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The First of Long Island Corporation DRIP Details: The First of Long Island Corporation is a bank holding company that operates The First National Bank of Long Island in New York. The 1st Bank of Long Island Dividend Reinvestment Plan is a poor holding vehicle for your investment unless you already own shares. For nearly all investors who don't already own shares a low cost brokerage such as Sharebuilder would be your lowest cost holding vehicle for your FLIC investment.
Pros:
No investment fees
No dividend reinvestment fees
No account setup fee
5% discount on shares purchased
Cons:
Requires 1 share to enroll
Above average sales fee