Home » Reinvest Your Dividends

Reinvest Your Dividends

Keep growing your investments by purchasing Preference Shares with your dividend payment.  Current Preference Share holders can buy as little as one share (par value of $500).  Just follow these simple step by step instructions before April 30th.

Note: If this is your first investment during the fifth securities offering, please read the Securities Offering Summary (.pdf) and review the complete Offering Statement (.pdf).

For non-RRSP and non-TFSA shares

Your last dividend payment was either deposited directly into your bank account or a cheque was mailed.  An investor statement was also sent to you by email or mail, depending on your stated preference.

Step 1: Fill out a Subscription Form (.pdf) with desired number of securities.

Step 2: Send the completed Subscription Form and a cheque made out to the Ottawa Renewable Energy Co-op.  Cheques can be mailed or dropped off at: 969 Wellington Street West, Suite 200, Ottawa, ON K1Y 2X7.

That’s it!  Preference Share certificates will be issued and mailed to investors after the close of the offering.

For RRSP & TFSA shares

Your dividend payment was sent directly to CWCF and is now in your account waiting to be reinvested.

The first step is determining your current CWCF account balance.  If your balance was zero before the March 2017 dividend payment, then you simply need to multiply your total RRSP or TFSA investment by 2.5%.  There are no CWCF fees to deduct from your dividend payment at this time so you can reinvest the full payment.  If your dividend payment was less than $500, you will need to include a cheque made out to CWCF with the difference.

**Click on the name of the form to view and download it**

Step 1: Fill out a Subscription Form (.pdf) with desired number of securities.

Step 2: Sign the Payment Authorization Form (.pdf): Put your name on the top line, sign, and date.

Step 3: Sign the Shares Annuitant Declaration (RRSP, TFSA) (.pdf).  This form is to declare that your family owns less than 10% of the issued Class A Preference Shares.  Talk to OREC if you are concerned that you fall into this category. Put your name on the top line.  Leave the Plan # blank.  Enter the number of shares purchased and the value of the purchase.  Sign, date, and have a witness sign.

Step 4: Complete the Deposit Form (.pdf) only if you are topping off funds with a cheque. Leave the Contract # blank.  Put a check mark beside the Cash Contribution option.  Leave the Deposit Date box and the Security Deposits box blank.  Sign and date.  The agent is Janice Ashworth, 613-296-8232.

Step 5: Fill out the Cash Redirection Letter (.pdf).  This form allows you to redirect cash that is in your CWCF account to purchase additional shares.

Step 6: Mail the completed forms and a cheque made out to CWCF (if applicable) to: OREC, 969 Wellington St. W., Suite 200, Ottawa, ON, K1Y 2X7.

That’s it!  Preference Share certificates will be issued and mailed to investors after the close of the offering.

Questions?

Get in touch with David Mazur-Goulet; OREC’s Communications Manager.
Toll-Free: 1 (855) 338-OREC
Email: david.mg at orec.ca
Address: 969 Wellington Street West, 2nd floor, Ottawa, ON K1Y 2X7.  Contact us prior to visiting to ensure someone is at the office.

Subscribe To Our e-Newsletter

Sent 2x a month; be the first to know about investment opportunities, OREC news, and relevant events throughout Eastern Ontario.

You have Successfully Subscribed!