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Novation Companies, Inc. Message Board

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  • waterfallsparkles waterfallsparkles Mar 19, 2006 2:35 PM Flag

    Can Shares On DRIP Be Shorted?

    From the NovaStar Web site.

    "The NovaStar Direct Stock Purchase and Dividend Reinvestment Plan is designed to be an economical and convenient method for existing and new shareholders to invest in NovaStar Financial, Inc. A discount of up to 3% off the market price may be allowed for new dividend reinvestments and investments under the plan.

    Currently, a 2% discount is being offered on direct stock purchases and dividend reinvestments for the month of March."