Divident Reinvestment Plan
Dividend Reinvestment Plans provide shareowners with a convenient and simple method of purchasing additional shares with minimal service fees. Bethlehem's Plan allows you to purchase additional shares with your dividends or any voluntary cash payments you wish to make up to $3000 in any calendar month ($10 minimum). There are no broker commissions or service charges connected with stock purchases. However, there are fees charged upon selling those shares of $10 plus $.12 per share.
The Dividend Reinvestment Plan requires that participants be registered holders of at least one share of Bethlehem common stock before they enroll. If you are not yet a registered owner and you wish to enroll in the plan, please contact your broker for your initial purchase, have them issue a stock certificate registered in your name and then contact EquiServe (First Chicago Trust Division) for an enrollment form and prospectus. EquiServe is the agent who administers the program and they can be reached at 201-324-1225, or by the internet at www.equiserve.com or by mail at P.O. Box 2500, Jersey City, New Jersey 07303-2500.
The additional shares purchased through the plan will be held in book-entry form at EquiServe. Book-entry ownership allows you to own shares without having physical stock certificates in your possession. A periodic statement of account will be provided to you reflecting the number of book-entry shares registered in your name and held by EquiServe. The benefits of book-entry ownership are the elimination of problems associated with paper certificates, such as storage and safety of securities. Book-entry shares also eliminate the requirement for physical movement of stock certificates at the time of sale or transfer of ownership. In addition, the Plan allows shareholders to deposit shares held in certificate form into the Plan for safekeeping.
