Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

CEF DRIP PROGRAMS, Did you know...

I suspect some of you know that many CEF's offer dividend reinvestment programs that allow dividends to be reinvested in additional shares on a discounted basis. Trying to find out how to take advantage of such programs is somewhat of a mystery. Most CEFs suggest that the funds need to be held by the Depository Trust Company, which would be a grand hassle for me. I have recently learned that Fidelity makes a conscious effort to take advantage of such programs such that my reinvested dividends on CEF's in my Fidelity account are purchased at a significantly lower price than the same dividends received by Vanguard. To me this is a BIG deal, but it's hard to find any discussion of the issue on the internet. Anyone else on top of this issue?

Comments

Sign In or Register to comment.