How long does it take to purchase shares through the Southern Investment Plan with optional cash payments?
There are two investment periods each month on the 10th and the 25th. A typical purchase scenario for the 10th of any month follows: • 7th – your check must be received 3 business days before the investment date. • 8th – an advice is mailed confirming that check was received and credited to account • 10th – trade request made to independent broker-dealer to begin purchasing shares on the open market. • 13th – 3 days later the trade settles, shares are received from broker and credited to stockholder account • 14th – Transaction Advice is mailed to stockholder reflecting shares purchased for account.
