| | DRIP / Stock Purchase Plan | |
Amended and Restated Dividend Reinvestment and Direct Stock Purchase Plan
Education Realty Trust (EDR) has an Amended and Restated Dividend Reinvestment and Direct Stock Purchase Plan, or the Plan. The Plan has two components: a dividend reinvestment component and a direct stock purchase component. The dividend reinvestment component provides EDR's stockholders and holders of limited partnership interests, or "units" in Education Realty Operating Partnership, LP, our primary operating partnership and University Towers Operating Partnership, a single property operating partnership, with an easy and economical way to designate all or any portion of the cash dividends on their shares of our common stock or distributions on units for reinvestment in additional shares of our common stock. The direct stock purchase component provides an opportunity for our stockholders, unitholders and new investors to make optional cash investments of at least $300, but not more than $7,500 in any given month, free of brokerage commissions and charges, in shares of EDR's common stock. EDR, in its absolute discretion, may grant waivers to allow for optional cash payments in excess of $7,500, pursuant to the terms of the Plan.
For more information on EDR's Amended and Restated Dividend Reinvestment and Direct Stock Purchase Plan see the Prospectus.
EDR has retained American Stock Transfer & Trust Company, as agent for the participants, to administer the Plan, keep records, send statements of account activity to each participant and perform other duties relating to the Plan. If you have any questions about the Plan, please call the Plan Administrator toll free at (866) 659-2645.
To enroll in the Plan contact American Stock Transfer & Trust Company, the Plan agent and administrator, or use this Enrollment Form.
Shares issued under the Plan are currently being purchased at open market prices in accordance with the pricing terms outlined in the Prospectus.
The Company is not currently granting waivers of the maximum optional cash purchase of $7,500. The form for future consideration of a waiver of the optional cash purchase of $7,500 can be found here.
Investing in our common stock involves risks. Before purchasing common stock pursuant to the Plan, you should refer to the risk factors included in our most recent Annual Report on Form 10-K under "Item 1.A Risk Factors" and the risk factors included in our periodic reports and in other information filed with the Securities and Exchange Commission. | | Click Here to receive more information from Education Realty Trust, Inc. |
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