DRIP FAQs
What is the primary benefit of the Plan to a shareholder?
The Plan provides a convenient way for shareholders to increase their respective holdings of EIFH without incurring any brokerage commissions or service charges.
I was enrolled in the (ENF/Fund) DRIP. What do I have to do to participate in the Plan?
How do I enroll in the Plan?
Complete the applicable Enrolment Form(s) and forward to your investment dealer.
Or...
Contact the Investor Relations Department toll free at (866) 859-5957, or by fax at (403) 231-5780.
What are the income tax implications associated with participation in the Plan?
Selecting the option of re-investing your dividends to purchase additional shares does not relieve you of any liability for Canadian income that you otherwise would have had if you continued to receive your dividend in cash.
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Can I elect to have a portion of my dividend directed into the Plan?
There is nothing in the Plan itself that would prohibit this. However, it is recommended that the shareholder contact their investment dealer regarding conditions that might apply.
Is there any limit on the number of times I can enroll and terminate my participation in the Plan?
No. As long as you continue to satisfy the criteria for enrolment (reside in Canada and hold a minimum of 100 shares), you are free to move in and out of the Plan. You must ensure that you complete the necessary documentation to effect your arrangements.
Can I sell the shares that I hold in the Plan?
Yes. Shares acquired under the Plan will be credited to your account by your investment dealer. To sell any of your shares, you will need to contact your investment dealer. Keep in mind that you must maintain a minimum holding of 100 shares in the Plan to remain eligible for the Plan.
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