Dividend Reinvestment Services. As administrator of the Customer’s original issue Dividend Reinvestment Plan, Trust Company shall: (a) Invest Dividend Reinvestment Plan purchases, up to fourteen (14) per annum, and execute reinvestment transactions of Dividend Reinvestment Plan participant accounts; (b) Process the termination and withdrawal requests; (c) Act as certificate depository; and (d) Execute market trades or issue shares within the timing allowed by the Fund’s Dividend Reinvestment Plan. Provide reporting to Customer for approval, as soon as practical after completion of the process.
Appears in 18 contracts
Samples: Transfer Agency and Service Agreement (Blackrock Muniassets Fund, Inc.), Transfer Agency and Service Agreement, Transfer Agency and Service Agreement (Blackrock Credit Allocation Income Trust)
