Temple Hotels Inc. has implemented a Dividend Reinvestment Plan ("DRIP") in order to provide Shareholders with a convenient method of investing in additional common shares in Temple Hotels Inc. without incurring any commissions, service charges or brokerage fees.
The dividend reinvestment feature allows for all or a portion of an eligible Shareholder's monthly dividend payment to be automatically reinvested in additional common shares of Temple Hotels Inc. The purchase price of the Shares will be equal to the weighted average closing price of the Shares for the five trading days preceding the dividend payment date (the "Average Market Price"). With each reinvestment, Shareholders will receive a bonus dividend equal to 4% of the amount reinvested (the "Bonus Dividend"), which will also be reinvested into Shares at the Average Market Price.
Optional Cash Purchases
Shareholders who participate in the DRIP may elect to make a cash purchase of additional Shares on any dividend payment date, without incurring any commissions, service charges or brokerage fees. A Shareholder must invest a minimum amount of $1,000 with each cash purchase request, and subject to the terms and conditions of the DRIP, may invest up to $10,000 with each cash purchase request. Shares purchased by way of additional cash payment will be purchased at the Average Market Price. A Bonus Dividend is not available with an optional cash purchase of Shares.
The DRIP is administered by CST Trust Company. In order to participate in the DRIP, registered Shareholders should complete and mail the enrolment form to CST Trust Company, P.O. Box 4229, Station A, Toronto, Ontario, M5W 0G1.
Beneficial Shareholders are encouraged to contact their broker or other intermediary for enrolment information.