Does the Fund have a Dividend Reinvestment Program available to Unitholders?
No. A dividend reinvestment program, or ‘DRIP”, is a mechanism that allows investors to elect to receive dividends (or distributions in the case of income trusts) in securities as opposed to cash. The company paying the dividend/distribution retains the cash that would have been paid for reinvestment. In essence, a DRIP equates to periodic small offerings of shares or units by the company or fund. The Pizza Pizza Royalty Income Fund has no capital expenditure requirements or other reinvestment, and therefore does not have an opportunity to reinvest retained cash on a basis beneficial for Unitholders. As such, the Fund has not implemented a DRIP at this time. Alternatively, most brokerage firms offer a feature similar to a “DRIP” which allows investors to rollover monthly cash distributions for additional Fund units.
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- Does the Fund have a Dividend Reinvestment Program available to Unitholders?
