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AmeriVest Shareholders Get Extra Investment Option

DENVER-AmeriVest Properties is launching a bonus investment option for its shareholders. At least 536,561 shares are up for grabs with the plan, which goes into effect Jan. 17 at the same time that a nominal dividend payout takes place.

By John Rebchook | Updated on January 08, 2001

DENVER-Investors apparently like the prospects for AmeriVest Properties, a locally owned REIT for small- and mid-sized tenants. The company is putting at least 536,561 share into a dividend reinvestment or DRIP plan.

A DRIP plan allows investors to reinvest in a company on a regular basis. The shares in the DRIP plan account for more than 18% of the 2.98 million outstanding AmeriVest shares. Additional shares may be held in broker accounts that also are enrolled in the DRIP plan, but are not included in the 536,561-share total.

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