Does PennTrade have a dividend reinvestment plan?
Yes, we do have a dividend reinvestment program. If you are interested, please contact us for details. Special Note on DRIPs for Canadian Income Trusts: Although many Canadian Unit Trusts offer a DRIP for Canadian investors, many do not extend the program to US investors. However, some DRIPs are available for Unit Trusts which have a listing on a major US exchange (NYSE, AMEX, or Nasdaq). Please contact us is you own a trust which falls into this category. Note, 5-letter pink sheet symbols is not the same as having a listing on a major US exchange. [ top ] How do I request a distribution from my PennTrade IRA account? 1. You may request a one-time distribution from your IRA account using the One Time Distribution Form. A one-time distribution form would be used for any IRA distribution that you do not wish to have recur automatically. Fill this in, sign it and mail it to PennTrade, Attn: IRA Dist. 2. You may request a periodic distribution from your IRA account using the Periodic Distr
