The discount drip price is 95% of the average of the daily highs and lows of the 5 trading days immediately preceding the pay date, which is tomorrow.
This is only approximate since I am using Yahoo historical prices, which round the highs and lows to the nearest pennies. ETP uses fractions of a cent if there were fractions during this period. The average of whole penny highs and lows of the 5 trading days ending today is 56.367 x 95% = 53.5478 discount drip price.
In my account with Fidelity they increase the amount of the distribution by 5% and show that the drip shares were purchased at $56.37/share. Does anyone else see their drip distribution and shares being reported this way? I am wondering if the 5% bump in distribution is taxable income (I will need to check)? Dar thanks for posting this and getting me thinking about it again.