Systematic Investing. Unless I have entered into an Xxxxxx Xxxxx investment advisory agreement that states otherwise, this section applies: As designated by me, Xxxxxx Xxxxx will automatically purchase, sell, or exchange certain securities on a periodic basis. These systematic transaction programs include: (1) automatic dividend reinvestments (“Dividend Reinvestment Program”); (2) automatic distribution cross-reinvestments (“Cross-Reinvestment Program”); (3) periodic transactions of certain mutual funds (“Systematic Mutual Fund Program”); and (4) periodic transactions of certain equity securities (“Dollar Cost Averaging Program”). I authorize Xxxxxx Xxxxx to act as my agent with respect to any securities I designate pursuant to a systematic transaction program in which I enroll following my oral or written instruction. Participation in a systematic transaction program is voluntary and I may modify or discontinue my participation at any time. Only certain securities, as determined by Xxxxxx Xxxxx, are eligible for participation. I understand participation in a systematic transaction program does not ensure profits on my investments or protect against losses in declining markets and that Xxxxxx Xxxxx is not recommending the purchase or sale of any security by designating it as eligible for participation in a systematic transaction program.
Systematic Investing. As designated by me, Xxxxxx Xxxxx will automatically purchase, sell or exchange certain securities on a periodic basis. These systematic transaction programs include:
Systematic Investing. Unless I have entered into an Xxxxxx Xxxxx investment advisory agreement that states otherwise, this section applies: To the extent it is allowed in my Account type, and as designated by me, Xxxxxx Xxxxx will automatically purchase, sell or exchange certain securities on a periodic basis. These systematic transaction programs include: (1) automatic dividend reinvestments (“Dividend Reinvestment Program”),
Systematic Investing. As designated by me, Xxxxxx Xxxxx will automatically purchase, sell or exchange certain securities on a periodic basis. These systematic transaction programs include: (a) automatic dividend reinvestments (“Dividend Reinvestment Program”); (b) automatic distribution cross-reinvestments (“Cross-Reinvestment Program”); (c) periodic transactions of certain mutual funds (“Systematic Mutual Fund Program”); and (d) periodic transactions of certain equity securities (“Dollar Cost Averaging Program”). I authorize Xxxxxx Xxxxx to act as my agent with respect to any securities I designate pursuant to a systematic transaction program in which I enroll following my oral or written instruction. Participation in a systematic transaction program is voluntary, and I may modify or discontinue my participation at any time. Only certain securities, as determined by Xxxxxx Xxxxx, are eligible for participation. I understand participation in a systematic transaction program does not ensure profits on my investments or protect against losses in declining markets, and that Xxxxxx Xxxxx is not recommending the purchase or sale of any security by designating it as eligible for participation in a systematic transaction program. Dividend Reinvestment Program. If I participate in the Dividend Reinvestment Program, all dividends or distributions paid on eligible securities I have selected will automatically be reinvested into shares of the same security. Xxxxxx Xxxxx will purchase shares of the reinvestment security in the open market, and the price I pay will be the weighted average price paid by Xxxxxx Xxxxx in any such market transaction(s). Generally, reinvestment purchases will be made in advance of and credited to my Account on the distribution payment date. In the event the distribution payment amount on an owned security is not known in advance, the purchase and reinvestment will be made as soon thereafter as the amount of the distribution payment can be calculated with certainty, including any necessary currency conversions. If a company offers its shareholders an option to receive their dividend in company stock, known as a scrip dividend, Xxxxxx Xxxxx will use my cash or reinvest election as the basis for allocating my dividend payments. If I elect or have elected company stock and the company suspends or cancels its company stock option, Xxxxxx Xxxxx will continue my accumulation of shares by reinvesting my dividends through Xxxxxx Xxxxx’ Dividend Reinvestment Program. If t...
