Canadian DRIPs

The DRIP program for Canadian listed public or trust companies are administered mostly by two transfer agents:

CIBC Mellon computershare


Respectively, CIBC Mellon administered 38 DRIP plans, while Computershare has 91 DRIP plans in its porofolio.(*) In total, there are 129 DRIP plans for investor to choose from. It's a pretty wide range of choice, as well as a touch choice to make, considering the fact that only small amount of money is committed to the DRIP plan.
* As per date on Feb. 10 2010

However, by year 2011, income trusts sector (except REIT) as we now know will be gone. They will be forced to convert to other structures after the Canaian government decided to eliminate the business model that saw profits paid out as distributions to unit holders. Therefore, the DRIP plan for all income trusts might undergo some drastic changes. REIT sector, on the other hand, will remain intact because government decides to leave them alone.

Canadian DRIP companies Sector Stock Symbol OCP Discounts on dividends reinvested Open to non-Canadian investors Adm. Agent
130/30 Mining LP n/a n/a n/a no no ComputerShare
Aberdeen Asia-Pacific Income Investment Company Limited financial service FAP yes no yes, expect US residents CIBC Mellon
Advantage Oil & Gas Ltd. - just convert from trust to company oil and gas AAV n/a yes, 5% no ComputerShare
Agf Management Limited  financial service AGF.B no no yes ComputerShare
Agnico-Eagle Mines Limited  precious metals AEM yes yes, 5% yes ComputerShare
Altagas Income Trust  Income Trust ALA.UN yes n/a n/a ComputerShare
Arc Energy Trust  Income Trust AET.UN yes n/a n/a ComputerShare
Arctic Glacier Income Fund  Income Trust AG.UN yes n/a n/a ComputerShare
Artis Real Estate Investment Trust REIT AX.UN yes Bonus,  4% yes, expect US residents CIBC Mellon
Bank Of Montreal financial service BMO yes yes, 2% yes ComputerShare
BCE Inc  utilities/telecom BCE yes no yes ComputerShare
Bell Aliant Regional Communications Income Fund utilities BA.UN yes no yes, expect US residents CIBC Mellon
Blue Ribbon Income Fund  Income Trust RBN.UN n/a n/a n/a ComputerShare
Boardwalk Real Estate Investment Trust  REIT BEI.UN yes no no ComputerShare
Brompton Group Of Funds (Brompton Oil & Gas Income Fund)  Income Trust OGF.UN yes yes n/a ComputerShare
Brompton Group Of Funds (Brompton Vip Income Fund)  Income Trust VIP.UN yes yes n/a ComputerShare
Brompton Group Of Funds (Flaherty & Crumrine Fixed Income)  Income Trust n/a n/a n/a n/a ComputerShare
Brookfield Asset Management Inc. diversified BAM.A yes no no CIBC Mellon
Brookfield Properties Corporation real estate BPO no no yes, only US residents CIBC Mellon
CAE Inc  industrial  CAE yes no no ComputerShare
Calloway Real Estate Investment Trust  REIT CWT.UN yes yes, 3% no ComputerShare
Canadian Apartment Properties Reit  REIT CAR.UN yes yes, 5% no ComputerShare
Canadian General Investments, Limited  financial service CGI yes no yes ComputerShare
Canadian Imperial Bank Of Commerce financial service CM yes yes, 3% yes, only US residents CIBC Mellon
Canadian Oil Sands  oil and gas COS.UN n/a suspended n/a ComputerShare
Canadian Real Estate Investment Trust REIT REF.UN yes yes  no CIBC Mellon
Canadian Tire Corporation, Limited consumer retail CTC.A yes no no ComputerShare
Canexus Income Fund Income Trust CUS.UN yes no n/a ComputerShare
Capital Power Income L.P.  Income Trust n/a n/a n/a n/a ComputerShare
Caribbean Utilities Company, Ltd. utilities CUP.U no no yes, expect US residents CIBC Mellon
Cervus Equipment Corporation  consumer products CVL yes yes, 5% no ComputerShare
Charter Real Estate Investment Trust  REIT CRH.UN yes yes, 3% no ComputerShare
Chartwell Seniors Housing Reit  REIT CSH.UN yes yes, 3% no ComputerShare
Clublink Enterprises Limited transportation CLK no no no CIBC Mellon
Cominar Reit  REIT CUF.UN yes yes, 5% yes ComputerShare
Connor Clark & Lunn Global Fins Fund Income Trust n/a n/a no no ComputerShare
Corus Entertainment Inc. other services CJR.B no yes, 2% no CIBC Mellon
DDJ High Yield Fund  Income Trust HYB.UN yes no yes ComputerShare
Deepwell Energy Services Trust oil and gas DWL.UN no yes no CIBC Mellon
Diversitrust Income Fund  Income Trust DTF.UN yes yes n/a ComputerShare
Diversitrust Stable Income Fund  Income Trust DTS.UN yes no n/a ComputerShare
Dundee Real Estate Investment Trust  REIT D.UN yes yes, 4% yes ComputerShare
Emera Incorporated diversified EMA yes yes, 5% no ComputerShare
Enbridge Inc. pipeline ENB yes yes, 2% yes CIBC Mellon
Enbridge Income Fund pipeline ENF.UN yes no yes, expect US residents CIBC Mellon
Encana Corporation oil and gas ECA n/a n/a yes CIBC Mellon
Enerflex Systems Income Fund Income Trust EXF.UN yes no n/a ComputerShare
Energy Plus Income Trust  Income Trust EPF.UN yes no n/a ComputerShare
Enerplus Resources Fund  Income Trust ERF.UN yes yes n/a ComputerShare
Enervest Diversified Income Trust  Income Trust EIT.UN yes yes n/a ComputerShare
Enervest Energy & Oil Sands Total Rtn Tr  Income Trust EOS.UN yes no no ComputerShare
Equitable Group Inc.  financial service ETC yes no no ComputerShare
European Premium Dividend Fund financial service EPD.UN no no no CIBC Mellon
Exchange Income Corporation transportation EIF yes yes no CIBC Mellon
Extendicare Limited Partnership  n/a n/a n/a yes, 3% no ComputerShare
Extendicare Real Estate Investment Trust  REIT EXE.UN yes yes, 3% no ComputerShare
Fairway Investment Grade Income Fund  Income Trust n/a n/a n/a n/a ComputerShare
Firm Capital Mortgage Investment Trust  Income Trust FC.UN yes yes n/a ComputerShare
First Capital Realty Inc.  real estate FCR yes yes, 2% no ComputerShare
First Premium Income Trust  Income Trust FPI.UN yes no n/a ComputerShare
Focused Global Trends Fund  Income Trust FTF.UN yes no no ComputerShare
Fort Chicago Energy Partners L.P. Income Trust FCE.UN yes yes, 5% no ComputerShare
Fortis Inc. (Consumer Share Purchase Plan) n/a n/a n/a no no ComputerShare
Fortis Inc. (Dividend Reinvestment Plan)  utilities FTS yes yes yes ComputerShare
Freehold Royalty Trust Income Trust FRU.UN yes no n/a ComputerShare
H&R Real Estate Investment Trust And H&R Finance Trust real estate HR.UN yes yes, 3% no CIBC Mellon
Huntingdon Real Estate Investment Trust REIT HNT.UN yes Bonus,  4% no CIBC Mellon
Imperial Oil Limited oil and gas IMO yes no yes CIBC Mellon
Innvest Real Estate Investment Trust  REIT INN.UN yes yes no ComputerShare
Intact Financial Corporation  financial service IFC yes yes yes ComputerShare
Inter Pipeline Fund  Income Trust IPL.UN yes yes n/a ComputerShare
Just Energy Income Fund  Income Trust JE.UN yes yes n/a ComputerShare
Keyera Facilities Income Fund  Income Trust KEY.UN yes yes n/a ComputerShare
Killam Properties Inc  real estate KMP yes yes, 3% no ComputerShare
Lanesborough Real Estate Investment Trust REIT LRT.UN yes Bonus,  4% no CIBC Mellon
Loblaw Companies Limited  consumer retail L yes yes no ComputerShare
Long Reserve Life Resource Fund  Income Trust LRF.UN n/a n/a n/a ComputerShare
Macquarie Power Infrastructure Inc Fund  Income Trust MPT.UN yes yes n/a ComputerShare
Magna International Inc.  consumer products MG.A yes no yes ComputerShare
Manulife Financial Corporation financial service MFC yes yes, 5% no CIBC Mellon
Mcan Mortgage Corporation  financial service MKP no no yes ComputerShare
Medical Facilities Corporation  Income Trust DR.UN yes no no ComputerShare
Morguard Corporation  real estate MRC yes no yes ComputerShare
Morguard Real Estate Investment Trust  REIT MRT.UN yes no no ComputerShare
Mortgage-Backed Securities Trust  Income Trust n/a n/a n/a n/a ComputerShare
Nal Oil & Gas Trust  Income Trust NAE.UN no yes n/a ComputerShare
National Bank Of Canada  financial service NA yes yes ComputerShare
Nexen Inc. oil and gas NXY no yes, 5% yes CIBC Mellon
Norbord Inc. forestry NBD no no no CIBC Mellon
Northland Power Income Fund  Income Trust NPI.UN yes no n/a ComputerShare
Onex Corporation diversified OCX no no no CIBC Mellon
Pacific Coast Mortgage Investment Corp. n/a n/a no no no CIBC Mellon
Paramount Energy Trust  Income Trust PMT.UN yes no no ComputerShare
Pembina Pipeline Income Fund  Income Trust PIF.UN yes yes n/a ComputerShare
Pengrowth Energy Trust  Income Trust PGF.UN yes yes n/a ComputerShare
Penn West Energy Trust oil and gas PWT.UN yes yes, 5% yes CIBC Mellon
Phoenix Technology Income Fund  Income Trust PHX.UN n/a n/a n/a ComputerShare
Plazacorp Retail Properties Ltd. real estate PLZ no Bonus,  3% no CIBC Mellon
Potashcorp industrial products POT no no yes CIBC Mellon
Precious Metals And Mining Trust  Income Trust MMP.UN yes no n/a ComputerShare
Precision Drilling Trust Income Trust PD.UN yes no n/a ComputerShare
Premier Canadian Income Fund  Income Trust GIP.UN yes no n/a ComputerShare
Progress Energy Resouces Corp.  oil and gas PRQ yes yes, 5% yes, only US residents ComputerShare
Proventure Income Fund  Income Trust PVT.UN yes no n/a ComputerShare
Provident Energy Trust  Income Trust PVE.UN yes yes n/a ComputerShare
Riocan Real Estate Investment Trust REIT REI.UN yes yes, 3.1% yes CIBC Mellon
Royal Bank Of Canada financial service RY yes no yes ComputerShare
Sentry Select Global Real Estate Fund  REIT GRE.UN yes no no ComputerShare
Shaw Communications Inc. communications SJR.B no no no CIBC Mellon
Skylon Growth & Income Trust  Income Trust SKG.UN yes no n/a ComputerShare
Student Transportation Inc.  transportation STB yes yes, 3% yes ComputerShare
Sun Life Financial Inc. financial service SLF yes yes no CIBC Mellon
Suncor Energy Inc oil and gas SU yes no yes ComputerShare
Sustainable Production Energy Trust  Income Trust SPU.UN yes no n/a ComputerShare
Telus Corporation  utilities/telecom T yes yes yes ComputerShare
The Bank Of Nova Scotia  financial service BNS yes yes yes ComputerShare
The Toronto-Dominion Bank financial service TD no yes, 1% yes CIBC Mellon
Thomson Reuters Corporation  other services TRI yes no yes ComputerShare
Top 10 Canadian Financial Trust  Income Trust TCT.UN yes no n/a ComputerShare
Torstar Corporation communications TS.B no no no CIBC Mellon
Transalta Corporation utilities TA yes no yes, expect US residents CIBC Mellon
Transcanada Corporation  diversified TRP yes yes yes ComputerShare
Triax Diversified High Yield Trust  Income Trust TRH.UN yes no n/a ComputerShare
Vermilion Energy Trust  Income Trust VET.UN n/a n/a n/a ComputerShare
Westshore Terminals Income Fund  Income Trust WTE.UN yes no n/a ComputerShare
Whiterock Real Estate Investment Trust REIT WRK.UN yes yes, 4% yes CIBC Mellon

* Last update: Feb.11 2010

 

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