Drinking DEWM Hemp tea...will I turn up positive for Pot drug test?
I know if I eat poppy seed buns I might turn up positive for opate drug test.
kylewdrummer you do NOT need a physical certificate(most stocks no longer offer them...stocks are now in "Book Entry" through DTC), just contact your broker and tell them you want the shares in your name from 'street name'. Tell them to transfer shares to "Book Entry"...my broker does this at NO CHARGE.
As far as buying additional shares of CLM in there DRIP....you will get a chance ONCE a year through the 'Rights Offering' (RO). Read past posts and headlines if you don't understand RO's.
S&P up about 2% last week.....CLM NAV up 2 cent last week...I'm not sure when CLM charges distribution against NAV, but I think it is on X-date...therefore w/o distribution CLM NAV would have been up over 11 cent last week, close to 2%.
Prem. near 16%.
"...cornerstone (crf)...went $40 to $5 in last six years..."
Cornerstone has a managed distribution @ 21% a year of NAV. So my math is 21% times six equals 121% PLUS $5.
No time to sling insults.
Blackrock Global; BOE....4.56%
Alpine Total Dynamic; ...2.35%
2 more Blackrock funds at....2.12% & 2%
Re: "...company 'gives' me more shares."
And the share price FALLS from ABOVE $17/shr to UNDER $15/shr. on X-date. And soon to see Sub-$14/shr.
How does those matrixes fit into your emotions...well if you liked WMC at $17+/shr...then you GOT to Love it @ $14.+/shr.
At and near time of distribution...If CASH option is Over-subscribed.
Seems like a FORCED SPO on WMC shareholders. Up to 10% of outstanding shares.
Am I spelling DILUTION correctly?
Book entry or certificate ownership has to be whole shares...ownership in a DRIP acct' can be fractional, but only whole shares can be transfered.
One share is the minimum for both book or cert'f.
Book entry is the way most companies record ownership. Been that way for well over a decade.
Ask your Broker again about transferring stock from street to your name in book entry...if it is still "at least $150." ask how much it will cost to transfer your acct' to another Broker. Some brokers will help with this expense...also are you talking with a broker at your firm or just someone that answers the phone.
When I transfer a stock from my broker(Scottrade) to my name it cost me nothing and is done in 3 days, not counting weekend & holiday...don't think you'll have time to get it in your name for this coming x-date but as CLM maket price rises and NAV falls it would be worth your efforts to make it happen...UNLESS your stocks are in a margin acct' and you're using the shares for leverage.
With so many "if" "ands" & "buts' it is hard to say how it works with you. Examples; shares held in trust, shares in margin acct's, IRA's ect.
Disclourse: I own shares of CLM in Cornerstone DRIP
Look what happen to GNI.
Hungry for yield but too lazy to do DD research.
Some pitfall stocks; Top of the list...Cornerstone CEF's... CRF, CFP, CLM all trading above 15% of NAV and payouts above 17%...with a 21% managed distribution....what does that mean.
WMC shows over 60% yield on 'stock screener'...but all us here know "The Rest of the Story".
Gold, Silver, MBS REIT's all need to be looked at with; "The trend is your friend", in mind.
Best wishes to all.
Sorry to hear you have a GREEDY Broker...my broker is free to transfer my shares to my name in "Book Entry" form. My shares will be off their, (Broker), books and handled by tranfer agent. They did tell me the tranfer agent might charge me near $100.00 to get a certificate...if there is a certificate for CLM. But most stocks are "Book Entry" now.
Brokerage DRIP if fine,(hope they don't charge for that, mine doesn't), but CLM's DRIP buys at NAV; about $1.00 less per share and I get fractional shares as well.
Cornerstone reinvest dividends at NAV...near a DOLLAR lower than market price.
Stock transfer from your Broker Acc't to your name. Stocks will be put into DRIP unless atherwise instructed.
So if you reinvest your CLM, CFP, or CRF dividends you might want to look into Cornerstone Reinvestment Plan...all you have to do is have your stock transfered into your own name...transfer agent takes care of the rest.