Dividend Reinvestment Program

Last updated: January 29, 2025

Introduction

DriveWealth offers a Dividend Reinvestment Program (the “DRIP”), which permits a customer to automatically reinvest dividends paid by issuers on Eligible Securities (defined below) held in their Account, subject to the terms in the Customer Account Agreement. This document describes features of the DRIP and provides important disclosures. By voluntarily participating in the DRIP, you acknowledge that you have read and agree to these terms. DriveWealth will notify you in advance of any material changes to the DRIP.

To participate, your introducing brokerage or advisory firm (together, “Introducing Firm”) must elect to make the DRIP available to you. You should consult your Introducing Firm’s documentation for additional terms that may apply.

Eligible Securities

“Eligible Securities” means a security that can be automatically reinvested through the DRIP. If you choose to enroll your Account in the DRIP, you are choosing to reinvest Dividends (defined below) paid to you from all Eligible Securities that you own; you do not need to select individual securities for the DRIP. By enrolling your Account, any new Eligible Security that you own thereafter will be automatically subject to the DRIP.

Eligible Securities may change at any time. In the event that a security is no longer eligible for the DRIP, no changes are required on your part. Any future Dividends received for such securities will be automatically deposited into your Account as cash.

Dividends

For purposes of the DRIP, “Dividends” include cash distributions, such as regular and optional dividends, cash-in-lieu payments, capital gain distributions, and any cash-in-lieu payments resulting from participation in DriveWealth’s Fully Paid Securities Lending Program. Dividends do not include special dividends, liquidations, late ex-date, or miscellaneous payments.

Authorization for Automatic Investment

By enrolling your Account in the DRIP, DriveWealth will reinvest the Dividend paid on an Eligible Security provided that you owned such Eligible Security as of the record date for determining shareholders eligible to receive the Dividend and your Account remains open at DriveWealth at the time of reinvestment.

You authorize DriveWealth to reinvest the Dividend of an Eligible Security on your behalf by submitting a market order for the same Eligible Security as soon as reasonably possible (typically intra-day or on the trading day following receipt of the Dividend).

You understand that you will not have use of the Dividend funds prior to reinvestment, as they will be segregated for that purpose. DriveWealth will combine the Dividends in your enrolled Account for an Eligible Security with those from other customers in the DRIP for reinvestment in the same security, using the combined funds to purchase the Eligible Security on your behalf and on behalf of the other customers, providing you with the average-weighted price of the securities purchased in the open market. Your Account will reflect the number of shares, including fractional shares, equal to your Dividend divided by the purchase price per share once the reinvestment is complete.

You will receive a Dividend as a cash payment in certain instances where DriveWealth is unable to process the reinvestment, including where such security is no longer an Eligible Security. Additionally, a Dividend must be at least one penny in order to be reinvested or distributed as a cash payment; any Dividend that is less than one penny will be rounded to zero.

Fractional Shares

Your participation in the DRIP may result in your ownership of fractional shares of an Eligible Security. Fractional shares and fractional trading present unique risks and limitations. DriveWealth refers you to its Trading Disclosure for further information regarding fractional shares.

Enrollment and Voluntary Participation

If you wish to participate in the DRIP, you must enroll your Account through your Introducing Firm. By doing so, your Introducing Firm will send DriveWealth an instruction regarding your participation. Your enrollment in the DRIP will generally take effect within one Business Day of DriveWealth’s receipt of the instruction, though processing times may vary based on holidays and other factors.

Your participation in the DRIP is voluntary, and you understand that DriveWealth has not made any recommendation that you participate in the DRIP. You further understand that DriveWealth is not recommending or offering any advice regarding the purchase of any Eligible Security or trading strategy. Dividend reinvestment does not assure profits on your investments, nor does it protect against losses in declining markets.

Dividend income is reported on a 1099-DIV for taxable accounts, regardless of whether it is reinvested or not. An investment strategy or technique that includes participation in the DRIP may not be suitable to all investors. It is important for investors to understand the risks associated with investing in dividend-paying stocks, including but not limited to the risk that stocks may reduce or stop paying dividends. You should consult with your independent financial and tax advisors regarding your specific circumstances.

Termination

You may terminate your participation in the DRIP at any time by providing notice to your Introducing Firm in the form that it requires. Your Introducing Firm is responsible for providing DriveWealth with an instruction to terminate your participation. Termination will generally be processed within one Business Day, though processing times may vary based on a variety of factors. You understand that your request to terminate your participation in the DRIP will not affect any other obligations that you may have to DriveWealth or your Introducing Firm.