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Important Information Regarding the Pinnacle West Investors Advantage Plan
Automatic Investment Option – Deductions will occur on the 25th calendar day for the month, or the previous business day if the 25th falls on a holiday or weekend.
Cash Investments – Cash Investments may be made by check, payable through a U.S. bank or other Financial institution, in U.S. dollars, to The Bank of New York Mellon/Pinnacle West. Generally, the funds will be invested on Thursday of each week. If the investment date falls on ex dividend date, the investment funds will not receive the dividend.
Initial Cash Investment – The minimum initial investment is $50, and there is no minimum required for subsequent investments.
Sale of Plan Shares – The sale fee is $10 per transaction and $0.10 per share brokerage commission. Sells are made daily and the proceeds check is mailed after Trade + 3 days.
Investment Options
Full Dividend Reinvestment – Dividends earned on all Common Stock, both in the Plan account and Certificated account will be reinvested to purchase additional shares of Common Stock
Partial Dividend Reinvestment – Participants may designate a specific number of shares on which they wish to receive cash dividends, with dividends on the balance of shares being reinvested to purchase Common Stock.
Cash Investment Only – Dividends earned on all Common Stock, both in the Plan account and Certificated account, will be paid directly to the investor either by check or direct deposit at the election of the shareholder.
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