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Stocks T / Tidewater, Inc.


Subject:  TDW DRiPs Date:  2/16/2000  3:25 PM
Author:  yong Number:  181 of 213

Hi, I hold only 112 shares of TDW and lately I have been receiving my dividend cheques in the mail. I don't understand this. I send the cheque back to them (Equiserve) explaining my DRiP Plan and they return my cheque with a letter saying something to the effect of a minimum investment of $25 to qualify for the Optional Cash Payment. But they have always reinvest my dividends back to buy more shares when I bought them back in 1998. Does anyone out there knows when this "minimum requirement" policy was implemented? If this is the case, then it makes no sense at all being part of the DRiP for small time investor who plans to build up a holding for the long term. Anyone...?

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