runningman wrote:I just got off the phone with TDWH and requested a drip of XIC and they say it's not on their drip list, but XIC is. Why is this? Is there a good reason for it? The guy on the phone didn't know.
I assume they told you XIU is DRIPable because they do DRIP mine
In any case, at TD WH, "NO" means "MAYBE." Until a couple of year ago, I thought I had to call TD WH every time I bought a new stock that I wanted to DRIP and ask them to set a flag in their system for that security. Then they'd decide on a security-by-security basis whether they could comply. When I asked about XIU they'd always tell me no, they don't DRIP it.
Then one day a helpful rep told me they also have an account flag that tells their computer to DRIP all
eligible securities in the account. I authorized him to turn it on. Lo and behold, a couple of months later I notice that they've started to DRIP XIU. Of course, this will only work (if indeed it also works with XIC) if you want everything that can be DRIPed to be DRIPped.
As to "why"? The only answer I can think of is "because."
Sedulously eschew obfuscatory hyperverbosity and prolixity.