American Electric Power (NYSE: AEP), founded in 1906, celebrated its 50th year on
the NYSE in September 1999.
The AEP Company Dividend Reinvestment and Direct Stock Purchase Plan is available
to the public for the purchase of AEP common stocks directly without paying brokerage
Non-employee investors must make an initial investment of $250 (or authorize 10
monthly withdrawals of at least $25) and pay a one time $10 fee.
For a Prospectus and Enrollment Form, you can call 1-800-523-0314 or visit the Computershare website.
Non-shareholders can purchase the initial shares of AEP common stock through the
plan with a minimum investment of $250.00 as a cash investment or as ten automatic
monthly withdrawals from a bank account of at least $25.00 each. The maximum investment
is $150,000 in a calendar year. A $10.00 initial investment fee is charged to establish
the account. An initial enrollment packet can be obtained by calling the agent,
Computershare at 1-800-328-6955.
The Plan account can be in an individual name, more than one name, a custodial for
a minor child, or a trust; however, only one social security number or tax identification
number is necessary. If any other account name is desired, the new investor should
call Computershare at 1-800-328-6955 for guidance in the wording
and legality of the registration.
Full shares and fractional shares (rounded to three decimals) are purchased, and
Computershare holds the shares in book entry form. A certificate
can be requested for any full shares, after the Transaction Advice Form is received
by contacting Computershare at 1-800-328-6955. No certificate
is issued for the fractional share.
Additional voluntary cash payments can be made to purchase additional shares, but
there is no obligation to purchase additional shares.
Plan shares held by Computershare can be transferred by using
the form provided on the Transaction Advice Form or Reinvestment Statement. If no
form is available, contact Computershare at 1-800-328-6955
to receive another form or a stock power to use for the transfer.
Plan shares can be sold by contacting Computershare at 1-800-328-6955.
A fee of $5.00 is charged for the sale transaction and a 12¢ per share brokerage
commission. The fees and commission will be deducted from the sale price and a check
sent approximately 72 hours after the sale.
Current registered shareholders can contact Computershare at
1-800-328-6955 to request a Plan enrollment packet for their established account.
No fee is charged for enrolling in DRP on an established account.
Current dividend reinvestment plan participants may purchase additional shares by
sending a check payable to "Computershare-AEP"--for
as little as $25 up to maximum of $150,000 per calendar year--with the tear-off
coupon from the Plan Statement (or Transaction Advice Form), either in the yellow
pre-addressed envelope that they receive with the statement or form; or if the envelope
is not available, to: Investment Plan Services, PO Box 13517, Newark, NJ 07188-0001.
The shareholder's account number and the AEP Company Code (0116) should be on the
check or money order. Also, automatic deductions from a bank account can be made.
If you need a form, contact Computershare at 1-800-328-6955.
Voluntary cash investments are made weekly. In order to be entitled to the next
dividend, voluntary cash purchases must be received by the Voluntary Cash Investment
Date that is prior to the ex-dividend date. If you need to verify the next investment
date, contact Computershare at 1-800-328-6955.
If a shareholder wants to cancel a cash payment not already invested, a written
or telephone request must be received by Computershare no later
than two business days prior to the Voluntary Cash Investment Date. No refund of
a check or money order will be made until the funds have been actually received
and collected by Computershare.
For the non-shareholder, contact Computershare at 1-800-328-6955
for information on making your initial investment through the AEP Dividend Reinvestment
and Direct Stock Purchase Plan.
Automatic voluntary payments (up to $150,000 per calendar year) can be deducted
from a checking, savings or money market account to purchase additional shares,
and the designated amount will be electronically sent to our agent, Computershare
, that administers the plan. An 'Authorization Form For Automatic
Deductions' is included with both the Initial Investment Enrollment and the DRP
Enrollment packets. Contact Computershare at 1-800-328-6955
to receive a form.
You will need to provide the bank routing number, your bank account number and the
type of account (checking, savings, money market); as well as, the amount of the
withdrawal (in whole U.S. dollars only) and the frequency of the automatic deductions--either
the 1st or 15th day of each month, or both. (If the 1st or 15th is not a business
day, the deduction will be the next business day.)
Investments are made weekly, and participants should allow four to six weeks for
their first investment to be initiated.
To change or terminate automatic deductions, participants need to complete and submit
to Computershare a new Authorization Form For Automatic Deductions.
A new Form must be completed if a participant has a change to the bank account number
or wants to change banks or bank accounts.
Non-shareholders may purchase initial shares by automated investment also. Contact
Computershare at 1-800-328-6955 for an Initial Investment Enrollment
Physical certificates can be deposited into your account and held in book entry
(safekeeping). When you deposit the shares you no longer have to worry about safeguarding
the physical certificates. The shares can be withdrawn or sold at any time. The
dividends can be paid in cash or reinvested, so all shareholders can use the custodial
service, regardless of whether or not they use any of the other services offered
through the Plan (sales, purchases, etc).
If you are in the Plan, please send your certificates unendorsed with a tear-off
form from your statement or send a brief letter of instruction to:
Computershare - AEP
250 Royall Street
Canton, MA 02021
The stock certificates you wish to deposit with the Program Administrator should
be sent (unendorsed) to the address above via registered mail, return receipt requested
and insured for possible mail loss of 3% of the market value. This represents the
cost to you to have the certificates replaced if Computershare does not receive
If you are not in the AEP reinvestment plan and want to deposit certificate shares
into the Plan, contact Computershare at 1-800-328-6955 to request
an enrollment package.
You will promptly receive a statement from Computershare confirming
each deposit of your shares for safekeeping.
There is no cost for having Computershare hold shares in safekeeping.
A certificate can be issued for any whole shares held by Computershare in your plan account. Certificates cannot be issued for fractional shares.
To request a certificate withdrawal, simply contact Computershare at 1-800-328-6955.