How does a shareholder enroll or participate in the Dividend Reinvestment Plan? Are there benefits to participating in the plan?
There are two ways to enroll: (1) There is a card attached to the annual report that can be filled out and mailed in, or (2) call State Street Bank & Trust Co. at 1-800-451-6788. The benefits are as follows: Convenient – Fund shares are automatically purchased for you. Economical – Invest at no brokerage cost or at reduced costs. Smart – “Dollar Cost Averaging” allows you to purchase more shares when prices are low and less when they are high. It involves continuous investment in securities regardless of fluctuating price levels of such securities and does not assure a profit or protect against a loss. Over time, the average cost per share is usually lower than if the entire investment had been made all at once. Efficient – There’s no paperwork. You will regularly receive an account statement showing total dividends, date of investment and number of shares purchased.
