Summary of the Plan
Under the terms of the Dividend Reinvestment Program and Option Share Purchase Program (DRIP), eligible shareholders of Superior may elect to automatically reinvest their regular monthly dividends in additional common shares of Superior, without incurring any commissions, service charges or brokerage fees. Shareholders who elect to reinvest cash dividends under the DRIP will receive common shares at a price (the Average Market Price) equal to the average closing price of the common shares on the Toronto Stock Exchange for the five day trading period ending on the business day immediately prior to the dividend payment date. The price of the common shares purchased with reinvested dividends will be 95% of the Average Market Price. Common shares purchased through the DRIP will be issued directly from Superior's treasury.
Shareholders who participate in the DRIP may also elect to purchase additional common shares by way of cash payment, without incurring any commissions, service charges or brokerage fees. Common shares purchased by way of additional cash payment will be purchased at the Average Market Price, without discount.
Beneficial shareholders who wish to participate in either component of the DRIP must provide enrollment instructions to the broker, investment deal, financial institution or other nominee through which they hold their common shares and should consult such nominee regarding the process and timelines for enrolling. Registered shareholders may enroll in the DRIP by completing an Authorization Form and submitting the completed form to Computershare Trust Company at the address set out in the DRIP.
The DRIP is subject to certain limitations and restrictions and interested parties are encouraged to review the full text of the DRIP.
Only shareholders resident in Canada may participate in the Plan.
Unless otherwise announced by Superior, Shareholders who are not residents of Canada, including residents of the United States, may not participate in the DRIP.
Superior does not require shareholders to participate in the DRIP. Shareholders who do not enroll in the DRIP will continue to receive their regular dividends.
Detailed DRIP Information
For complete details of Superior's DRIP, please click here.
Registered Shareholder DRIP Enrollment Form
Registered shareholders who wish to register into DRIP, please click here for enrollment form.
Beneficial Shareholder Frequently Asked Questions
To learn more about Superior's DRIP for beneficial shareholders please click here to learn how to enroll in the program and if you are eligible.