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Energy Transfer Partners, L.P. Message Board

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  • arbtrdr arbtrdr Nov 17, 2012 12:07 PM Flag

    Calling all DRIP investors

    I can answer for TD. They figure out the drip price on their own and IF - note the IF - you have an account of sufficient size AND you have requested to sign up for "Specials" on DRIPs they simply credit your account and get the discounted shares in a day or two from the transfer agent.

    Do not know what E-Trades policies are. There are three possibilities. In neither cases are they "screwing you". #1 - They may now participate in DRIPs and simply buy in the open market - usually at the opening price on the day following payment. #2 - They participate in DRIPs but only handle "Specials" on request. #3 - They do not deal with "Specials". If either #2 or #3 are correct you have two choices - move your account or forget it. E-Trade cannot legally keep a DRIP discount.

    ARB

 
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