Today, going through my mail there is a letter from Telstra Corporation offering me a dividend reinvestment scheme. These were all the rage a decade ago. Something must have changes because most have been abandoned. However, going against the trend Telstra is offering the scheme. Why? To get rid of all those (17%) future fund shares by stealth. It is quite a clever scheme. Of course if they did not have all these surplus shares, they would not be implementing this scheme. I will not partake as I am rejigging my finances as I buy a new place to live.
“just a minute” by jæms [?]