Cleco Corporation (CNL) DRIP

DRIP Plan Highlights
Enrollment
Please note: This DRIP does not allow initial investments by non-shareholders. Only existing shareholders may enroll in this DRIP.
Minimum shares required to enroll			1 Share
Purchases
Minimum purchase			$25
Maximum purchase			$120,000
Fees
Account Setup Fee			None
Automatic investment Fee			$2.50
Optional Cash Purchase			$5
Reinvestment Fee			5% upto $3
Sale Fee			$15
Company Web Site			http://www.cleco.com
Additional Plan Information			Agent Site

Cleco Corporation DRIP Details:
Cleco Corporation is an energy services company that operates in Louisiana. The Cleco Corporation Dividend Reinvestment Plan offers a poor holding vehicle for your Cleco Corporation investment unless you already have shares as it requires shares to enroll in the plan. For investors without existing Cleco Power shares a low cost brokerage such as Sharebuilder would be the lowest cost holding vehicle for your CNL investment.
Pros:
None
Cons:
Requires 1 share to enroll
Dividend reinvestment fees
Above average sales fee