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$1.31 tfs corporation limited

It's minimum $500 holding

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paramazing

414 Posts.

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08/09/16

17:35

Post #: 19030053
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Originally posted by AmbiGuity ↑

Hi again Lies,

Thanks as always for your posts. I'm still not sure about the whole DRP minimum, as per the TFS website (bolded words are my emphasis):

"The Dividend Reinvestment Plan ("DRP") enables you, as a shareholder of TFS Corporation Ltd (TFS), to reinvest all or part of any Dividend paid on your TFS shares in additional TFS shares instead of receiving that Dividend in cash. Your participation in the DRP is entirely optional". If they then put a caveat on it, one would expect it to be in their terms and conditions (rules etc.)

Furthermore, I checked the Dividend/DRP announcement for 2015 and it says exactly the same thing e.g. minimum 500. Are you interpreting it correctly? Could it mean a minimum $500 holding rather than a holding that generates a $500 dividend? I suspect you're a longer term holder than I am, since the 2015 & 2016 announcements are nearly identical, what happened last year?

Thanks again,
Ambi

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It's minimum $500 holding

TFC Price at posting: $1.52 Sentiment: Buy Disclosure: Held
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