CANMARC’s Distribution Reinvestment Plan (the “DRIP”) helps holders of CANMARC’s units increase their investment. If you are one of our unitholders, our DRIP offers you convenience:
- Distributions are reinvested automatically
- Your investment in CANMARC’s units is administered for you
and attractive cost savings:
- No brokerage commissions to purchase units
- No service charges
Distribution Reinvestment
You may choose to have your distributions reinvested in CANMARC’s units by enrolling some or all of your units in the DRIP. All distributions paid on units enrolled in the DRIP will be reinvested.
Who may participate?
All holders of CANMARC’s units resident in Canada may participate in the DRIP.
Units distributed under the DRIP
The units which are distributed under the DRIP may, at the election of CANMARC, be either newly issued from treasury or purchased on the open market. When units are issued from treasury, unitholders may receive, at CANMARC’s discretion, an additional distribution of units equal in value to 3% of each distribution that was reinvested by them.
No brokerage commissions or service charges
You will not pay any brokerage commissions or service charges for unit purchases or withdrawals under the DRIP. All costs associated with the administration of our DRIP will be paid by CANMARC.
Questions?
We welcome any questions you may have about the DRIP, whether you are thinking of subscribing to the plan or already have.
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Gordon G. Lawlor |
CIBC Mellon Trust Company |
To read the full details of our DRIP, click here.
