It is also my understanding (with another MLP I own), that the stock price (if you elect reinvestment) is determined at the COB 10 trading days prior to the ex-dividend date (or ex-distribution date - whichever you prefer to use.)
Does anyone know if PAA follows the same stock price determination for reinvestment as the one I have previously mentioned? If PAA calculates the stock price differently, when is the reinvestment stock price determined?
Strange answer to a question that could have been answered using Yahoo in less time than it took to write a message.
First, PAA is a Master Limited Partnership and as such it pays a distribution. There is a big difference. If you do not understand that difference some DD on your part would be appropriate.
Second, PAA has signifiant holdings in Canada which for some holders will require filing and paying Canadian income tax. Anyone holding and CanRoys in additional to PAA are more likely to run afoul of the Canada Revenue Service.
Third, PAA has paid distributions on approximately the 15th of Feb, May, Aug, & Nov with the X-div being usually the last day of the prior month.