A DRIP plan allows investors to reinvest in a company on a regular basis. The shares in the DRIP plan account for more than 18% of the 2.98 million outstanding AmeriVest shares. Additional shares may be held in broker accounts that also are enrolled in the DRIP plan, but are not included in the 536,561-share total.
As previously announced, AmeriVest also will purchase shares of its common stock in the open market for its fourth-quarter 0.125-cent per share dividend being paid to shareholders of record as of Dec. 28. The purchases will coincide with the Jan. 17 dividend payment date and will continue until filled.
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