Data Provided by Nasdaq | Quotes Delayed 15 min.
MTGE Investment Corp.'s Dividend Reinvestment Plan (DRIP) and Direct Stock Purchase Plan (DSPP) provide prospective investors and existing stockholders with a convenient and economical method to purchase shares of our common stock. By participating in the Plan, investors may purchase additional shares of common stock by reinvesting some or all of the cash dividends received on shares of our common stock. If you elect to participate in the Plan, you may also make optional cash purchases of shares of our common stock subject to certain limitations detailed in the Plan Prospectus.
Prospective investors and existing stockholders are advised to read the Plan Prospectus before enrolling in the Plan and should carefully consider the risks described under "Risk Factors" in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q before investing in shares of our common stock. Our common stock is listed on the Nasdaq Global Select Market under the symbol "MTGE."
To enroll in the Plan, use the forms below and contact Computershare, the Plan Administrator, for further information:
|Initial Enrollment Form|
|Direct Debit Authorization Form|
|Request for Waiver|
|Frequently asked questions (FAQs) about the Plan:|
MTGE Investment Corp. offers answers to frequently asked questions. Click on a subject or a specific question below. If you have additional questions, please contact Investor Relations at (301) 968-9220 or IR@MTGE.com.
|1. Does MTGE Investment Corp. offer direct stock purchase or do I need to purchase shares through a broker? Does MTGE offer dividend reinvestment?|
|Yes, MTGE Investment Corp.’s Dividend Reinvestment Plan (DRIP) and Direct Stock Purchase Plan (DSPP) provide prospective investors and existing stockholders with a convenient and economical method to purchase shares of our common stock. By participating in the Plan, investors may purchase additional shares of common stock by reinvesting some or all of the cash dividends received on shares of our common stock. If you elect to participate in the Plan, you may also make optional cash purchases of shares of our common stock subject to certain limitations detailed in the Plan Prospectus.|
|2. Who is the Dividend Reinvestment Plan and Direct Stock Purchase Plan Administrator? Who do I contact with additional questions?|
Computershare is the Plan Administrator and they can be reached at:
|3. How do I enroll in the dividend reinvestment and/or direct stock purchase plan?|
The Plan is an "opt-in" plan. If you are a registered holder of our common stock, you may join the Plan by signing an enrollment form and returning it to the Plan Administrator or by going online to the Plan Administrator’s website, www.computershare.com/investor. If you are enrolling for dividend reinvestment, the enrollment form must be received by the Plan Administrator prior to the dividend record date in order to take effect as of the related dividend payment.
If you are a new investor, you may join the Plan in either of the following ways:
If you are enrolling by making an optional cash purchase, the enrollment form and investment funds must be received by the Plan Administrator at least one business day before the date such funds are to be invested for a particular month. Enrollment forms may be obtained at any time by telephonic, Internet or written request to the Plan Administrator.
|4. How do I enroll in the Plan if I hold shares with a broker (beneficial owner)?|
If you are a beneficial owner, that is, your shares are held on the books of the Plan Administrator in the name of a broker, bank or other nominee, your distributions will be reinvested automatically by the Nominee in additional shares under the Plan only if your Nominee provides such a service and you elect to participate in the Plan. Many Nominees do not provide such a service and routinely request dividends and distributions to be paid in cash on all shares registered in their names. Therefore, if your shares are held for your account by a Nominee and you would like to participate in the Plan, then in addition to enrolling in the Plan as provided in Question 3, you must either make appropriate arrangements for your Nominee to participate on your behalf, or you must become a stockholder of record by having a part or all of your shares transferred to your own name.
|5. What limitations apply to optional cash purchases?|
Interested prospective investors who are not currently holders of our common stock may make their initial purchase through the Plan, subject to a minimum purchase of $250. Plan Participants may make optional cash payments of $50 to $10,000 or, with our prior approval, in excess of $10,000 per month.
|6. How can I make an optional cash purchase?|
Participants in the Plan may make an optional cash payment for purchase of additional shares of common stock at any time, subject to limitations listed in Question 5 above.
Participants may do so in one of three ways:
|7. Is there a cost to participate in the Plan?|
We will pay all administrative costs associated with the reinvestment of dividends under the Plan. There are no transaction or processing fees, expenses or service charges under the Plan in connection with such purchases; however, if you enroll in the Plan through a broker, bank or other nominee, they may charge you a fee for participating on your behalf. If the Plan purchases shares with reinvested dividends in market transactions instead of directly from us, we will pay any brokerage fees or commissions on such purchases.
For the optional cash purchase part of the Plan, the Plan Administrator will charge participants a processing fee of $0.05 per share purchased in connection with any optional cash payments made under the Plan. The processing fee includes any brokerage commissions that the Plan Administrator is required to pay. In addition, the Plan Administrator will charge participants a $5 transaction fee for optional cash payments made by check or one-time online ACH, and a $2.50 transaction fee for each optional cash payment made by recurring debit from a U.S. bank account.
|8. When will shares of common stock be purchased under the Plan?|
Dividend Reinvestments. In the months in which dividends are paid, dividends will be invested beginning on the dividend or distribution payment date. If the shares of our common stock are to be newly issued or treasury shares, such shares will be issued or delivered on the dividend or distribution payment date. If our shares of common stock are to be purchased by the Plan Administrator in the open market, the Plan Administrator will make every effort to invest any dividends it receives promptly beginning on each dividend or distribution payment date, and in no event later than thirty days from such date, except where necessary under any applicable federal securities laws.
Initial and Optional Cash Purchases up to $10,000. For common stock acquired directly from us, the purchase date will generally be on the 25th calendar day of each month, or the next trading day if the 25th day is not a trading day. For common stock acquired in market transactions, purchases will begin on the 25th calendar day of each month, or the next trading day if the 25th day is not a trading day, and will be completed no later than thirty-five (35) days following such date, except where reinvestment of such funds at a later date is necessary or advisable under applicable securities laws. The Plan Administrator will commingle all funds received from participants. Once a participant has placed an order, he or she may not request a cash refund or otherwise change the order.
No interest will be paid on funds pending investment held by the Plan Administrator.
|9. Who do I contact with questions about my account activity, replacing lost or stolen certificates, transferring securities, dividend payments, direct deposit information or processing a change of address?|
If your shares are held with a broker, please contact your broker directly.