Definitions for "Reinvestment Privilege"
A shareholder's right to reinvest dividends and buy more shares in the corporation or mutual fund.
The privilege some mutual funds give to their shareholders to use income and/or capital gains distributions to purchase additional shares of their fund without paying a sales charge.
Allows a client to reinvest up to the number of Class A shares redeemed, within 30 days of redemption, at the then prevailing Net Asset Value without a sales load, or reinstate the account for the purposes of exercising the Exchange Privilege. The Reinvestment Privilege may be exercised only once.