|
On March 23, 2009, Pulse announced that it was temporarily suspending the payment of quarterly dividends. The Board of Directors of Pulse is committed to reviewing and reinstating the payment of dividends when seismic data library sales recover.
Since the payment of dividends has been suspended, there are no dividends to reinvest into common shares of Pulse under the Dividend Reinvestment Plan (DRIP) at this time.
Similarly, since purchases of additional common shares under the Optional Share Purchase Plan (OSPP) are made on dividend payment dates, and since there are no dividend payment dates at this time, additional common shares of Pulse may not be purchased under the OSPP at this time. Any cheques received by Pulse or its transfer agent, Valiant, under the OSPP will be returned.
DRIP - ENROLLMENT FOR REGISTERED SHAREHOLDERS
If you are a registered shareholder - that is, your Pulse common shares are registered in your name and are not held with a broker or other nominee - simply fill out the DRIP enrollment form and send it to Valiant Trust Company. Please ensure that your signature corresponds exactly to the name(s) in which the common shares are registered. Valiant Trust must receive your completed form at least two business days prior to the dividend record date, at the following address:
Valiant Trust Company
310, 606 - 4th St SW
Calgary, AB T2P 2W1
Attn: Senior Manager
Fax: (403) 233-2857
Telephone: 1-866-313-1872
DRIP - ENROLLMENT FOR NON-REGISTERED SHAREHOLDERS
If your Pulse common shares are not registered in your name and are held with a nominee - brokerage firm, discount broker, trust company or bank - please inquire directly with your account manager if DRIP participation is possible. Some firms allow participation in Pulse's DRIP, and others do not. If you cannot participate as a non-registered holder through your nominee, your choices are to become a registered shareholder or to transfer your common shares to a firm that allows participation. To register your common shares, please contact your account manager.
Dividends paid on new common shares acquired through the DRIP and held under the DRIP will automatically be reinvested in additional common shares on the dividend payment date.
OSPP - OPTIONAL SHARE PURCHASE ENROLLMENT FOR REGISTERED SHAREHOLDERS
Registered Pulse shareholders who are DRIP participants may participate in the OSPP. Please fill out the OSPP form and mail it to Valiant Trust, at the address listed above, along with a certified cheque for the amount of your investment, in Canadian dollars, payable to Valiant Trust. Valiant Trust must receive your completed form and cheque at least two business days prior to the dividend record date.
Once enrolled in the DRIP, beneficial owners (other than U.S. persons) of common shares whose shares are held with a brokerage firm, discount broker, trust company or bank may also make optional cash purchases through their nominee. The enrolment and payment procedures are the same as described in the previous paragraph. If your financial institution will not allow participation in Pulse's DRIP, your choices are as described above.
Cheques for optional cash payments cannot be post-dated, and interest is not paid on optional cash payments pending their investment in new common shares. Dividends paid on new common shares purchased with optional cash payments will automatically be reinvested in additional common shares on the dividend payment date.
Shareholders Outside Canada
Unless otherwise announced by Pulse, shareholders who are U.S. persons may participate in the DRIP. U.S. persons may not participate in the OSPP. Shareholders resident in any other non-Canadian jurisdiction may participate in the DRIP and/or the OSPP if permitted by the laws of their resident jurisdiction. Reinvested DRIP dividends for non-residents of Canada are subject to applicable non-resident withholding tax.
|
