Anyone ever successfully opt out of the mandatory DRIP and care to share how they did it?
I called NB and asked if they had a form to opt out and they stated that they don't handle such matters.
I tried contacting the transfer agent (Bank of New York) but they have both their phone system and web site set up in such a way that one cannot call nor email them, unless one has an account with them.
I'm not talking about how one sets up one's account with the Broker but about the automatic enrollment into the DRIP as referred to in the last annual report, which states on page 22:
"The Bank of New York (“Plan Agent”) will act as Plan Agent for shareholders who have not elected in writing to receive dividends and distributions in cash (each a “Participant”), will open an account for each Participant under the Distribution Reinvestment Plan (“Plan”) in the same name as their then current Shares are registered, and will put the Plan into effect for each Participant as of the first record date for a dividend or capital gains distribution.”