UIL Holdings Corporation (UIL) DRIP
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DRIP Plan Highlights |
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Enrollment |
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Initial Purchase |
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$250 |
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Purchases |
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Minimum
purchase |
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$25.00 |
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Maximum purchase |
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$10,000.00 |
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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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$2.50 |
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Reinvestment
Fee |
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2% up to $2.50 |
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$15.00 |
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Company Web
Site |
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Additional
Plan Information |
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UIL Holdings DRIP Details:
UIL Holdings Corporation is the parent company for the United Illuminating Company (UI), Connecticut Natural Gas Corporation (CNG), The Southern Connecticut Gas Company (SCG), and The Berkshire Gas Company (BGC). The UIL Holdings Direct Stock Investment Plan offers an average holding vehicle for your UIL Holdings investment with no account setup fees, but does charge optional stock investment fees and dividend reinvestment fees. For many long term investors a low cost brokerage such as Sharebuilder may be the lowest cost holding vehicle for your UIL investment.
Pros:
No account setup fee
Lower than average optional investment fees
Low minimum initial investment ($250)
Cons:
Above average stock sale fee
Dividend reinvestment fees