Common use of Transaction Statements Clause in Contracts

Transaction Statements. A statement will be mailed to each participant following each Investment Date, setting out the amount of the cash dividends reinvested, the number of Shares purchased under the Plan and the Share Price on each Investment Date. The statements are a continuing record of the cost of the Shares purchased under the Plan and should be retained for income tax purposes. In addition, to the extent required by law, the Corporation will annually provide each participant with the information required for tax reporting purposes.