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20:54
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Originally posted by mackarel:
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A DRP isn't that great, even with a discount, when the price set is based upon NAV when that is substantially above the trading price average on market. I took a second look at the price I am paying, for my new units, thinking initially it was a mistake of approximately 10c in the advice. Alas I now feel I am paying a substantial premium. If the security is trading at a premium, not a discount, to NAV I would be happy. Before the next dividend I will decide on the basis of NAV to unit price whether to opt out of DRP. I suggest beware.
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It's fine for me, I prefer this way they didn't dilute shareholders who didn't use DRP and there's no risk of paying above NAV for the DRP
