Dividend Reinvestment & DSPP
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Essential Company Inc. (NYSE:WTR) has a Dividend Reinvestment and Direct Stock Purchase Plan (the "Plan") that offers investors a convenient and economical way to purchase shares of the Company's Common Stock. The Plan also allows participants to reinvest the cash dividends in additional shares of common stock at a five percent discount.
Shares for the direct stock purchase portion of the Plan are purchased in the open market at prevailing market prices, with no commissions or trading fees. Participation in the Plan includes full investment of your funds because participants are credited with both whole and fractional shares. Dividends are paid on both whole and fractional shares.
Transfer Agent And Registrar:
Computershare Shareholder Services, Inc. a federally chartered trust institution, will administer the Plan and act as Agent for the participants. Computershare, Inc., an affiliate of Computershare and a transfer agent registered with the Securities and Exchange Commission, acts as service agent to Computershare Trust Company, N.A. in performing certain services for the Plan. These companies will purchase and hold shares of Common Stock for Plan participants, keep records, send statements and perform other duties required by the Plan.
Participation In The Plan:
You may participate in the Plan if you own at least 5 shares of Essential common stock that are registered in your name. You may also participate by making an initial minimum investment of at least $500 through automatic withdrawal form your U.S. bank account, by check or by a one-time online bank debit through the Buy Stock Direct option noted above.
Optional Cash Purchases
As a shareholder, you can buy additional shares of our common stock at any time for as little as $50. The maximum optional cash investment you may make in any calendar year is $250,000. You can pay by check or by a one-time online bank debit through the Buy Stock Direct option noted above, or have your payment automatically withdrawn from your U.S. bank account.
Send Optional Cash Purchases To:
Computershare Trust Company, N.A.
P.O. Box 43010
Providence, RI 02940-3010
You may choose to reinvest all or a portion of the dividends paid on your first 100,000 shares of Common Stock. Reinvested dividends will be used to buy additional shares of Essential Common Stock at a five percent discount from the prevailing market price. If you do not want full dividend reinvestment, you may select a lower number of shares on which you want your dividends to be reinvested.
Direct Deposit Of Dividend:
You can authorize the Administrator to deposit your cash dividends directly into your U.S. bank account. A confirmation of the deposit will be sent to you in the mail.
Sale Of Shares:
Sale of shares through the Plan is subject to fees and commission charges for which you will be responsible. For each sale of whole shares from your Plan account, you will be charged a $15.00 service fee, a brokerage commission of $0.15 per each share sold by the Administrator and any applicable transfer taxes.
Individual Retirement Accounts (ira):
You may establish an IRA, Roth IRA or a Coverdell Education Savings Account which invests in Essential Common Stock through the Plan. IRA contributions and rollovers do not count against a participant's $250,000 annual investment limitation. There is an annual maintenance fee of $45.00 charged by the IRA and Coverdell Education Savings Account Trustee, which we will pay for the first calendar year in which you participate. In all subsequent years, twenty five dollars ($25.00) of this annual fee will be charged to you, with the balance paid by us. For information about opening an IRA, call Computershare Trust Company's IRA Specialists at 1-800-472-7428.
Safekeeping Of Certificates:
Shares purchased through the Plan will be held by the Administrator for safekeeping. You may also deposit your Essential, Aqua or Philadelphia Suburban Corporation stock certificates for safekeeping, at no charge.
You will receive a statement following each transaction showing the details and your share balance in your Plan account.
Internet Account Access:
You can also enroll in the Plan and access your Plan account through the Internet at the Administrator's Web site, www.computershare.com, at any time. In addition, you can authorize one-time initial and subsequent optional cash investments or establish recurring automatic withdrawals from your U.S. bank account.