Re: Digest for dripinvestingorg---canadian-drips@googlegroups.com - 2 updates in 1 topic

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Bruce Taylor

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Jun 17, 2021, 11:42:27 PM6/17/21
to dripinvestingorg...@googlegroups.com
I suspect there is also a lot of validity to the comment that
certifcates have largely given way to DRS transactions. You may have
to do some investigating to identify companies that still issue
certificates.

On 6/17/21, dripinvestingorg...@googlegroups.com
<dripinvestingorg...@googlegroups.com> wrote:
> =============================================================================
> Today's topic summary
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> Group: dripinvestingorg...@googlegroups.com
> Url:
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> https://groups.google.com/forum/?utm_source=digest&utm_medium=email#!forum/dripinvestingorg---canadian-drips/topics
>
>
> - mechanics of gifting shares [2 Updates]
>
> http://groups.google.com/group/dripinvestingorg---canadian-drips/t/74d4f452069f74a9
>
>
> =============================================================================
> Topic: mechanics of gifting shares
> Url:
> http://groups.google.com/group/dripinvestingorg---canadian-drips/t/74d4f452069f74a9
> =============================================================================
>
> ---------- 1 of 2 ----------
> From: S Reid <sc...@sigpath.ca>
> Date: Jun 17 06:21AM -0700
> Url:
> http://groups.google.com/group/dripinvestingorg---canadian-drips/msg/2ad58ffdf55d1
>
> Hi:
>
> I have a TD Direct Investing account and have recently read Derek Foster's
> book "The Lazy Investor". I would like to get some starter shares for a
> couple of people as a gift to get them on the road to DRIPing and
> SPP-saving. I was ready to get the starter shares of TRP, BCE, and CM and I
>
> was prepared to pay some fees to get the certificates printed through TD
> Direct Investing, but when I called I hit a few roadblocks:
> 1. I was told share certificates are essentially not used anymore so it
> would be DRS statement instead, and
> 2. I could not have the them printed in anybody else's name (other than
> mine).
>
> So either I am doing something wrong, or I have to go the other route and
> see if someone will start me with some starter shares on the "Share
> Exchange" group. Any steerage you can provide would be helpful.
>
> Scott
>
> PS - I recognize I still have a long way to go in terms of administration
> with the transfer agent for these shares, registering in the DRIP, etc.
>
>
> ---------- 2 of 2 ----------
> From: Matthew Kwong <drk...@gmail.com>
> Date: Jun 17 10:00AM -0400
> Url:
> http://groups.google.com/group/dripinvestingorg---canadian-drips/msg/2af726ab9b892
>
> Hi Scott
> You could still get started with the first share, drip to build up shares
> (DRS) and then convert a share to certificate form.
>
> You need to fill out a share transfer form to their name and the certificate
> will be mailed to them.
> (Do you can’t gift it, unless their address is yours as well)
> It’s been a while since I did a group purchase but I believe it hasn’t
> changed
>
> Matthew
>
>
>
>
>
>
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Bruce Taylor
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