Monday, April 20, 2009

My First Cheque from Penn West Energy Trust

So I received a total sum of $6.66 for my 50 shares of Penn West Energy Trust. See picture of the cheque from Penn West below:

The distribution was actually a grand total of $14.12. HOWEVER, after deducting for a 30% withholding tax, postage/handling charges of $5 and a 7% GST, I am left with a paltry $6.66.

There you have it, my dividends nearly halved by all these expenses. Oh well, guess I will just have to accumulate more of Penn West Energy Trust for all these expenses to be worthwhile.


  1. Hey just a tip,

    Custodise your US shares with DBSV Online and save on the postage, handling fees, e.t.c.

    All you are charged is the withholding.

    DBSV do not charge custody yet.


  2. Thanks a lot for the info!
    Will go and check it out.


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