text: **16. Capital Stock and Contributed Surplus (continued)**
  
  *Dividend Reinvestment Plan*
  Killam’s Dividend reinvestment Plan (“DriP”) allows common shareholders to elect to have all cash dividends from Killam reinvested in 
  additional common shares. Shareholders who participate in the DRIP receive an additional dividend of common shares equal to 3% of 
  each cash dividend that was reinvested. the price per share is calculated by reference to a ten day volume weighted average closing price 
  of Killam’s common shares on the Toronto Stock Exchange preceding the relevant dividend date, which typically is on or about the 15th day 
  of the month following the dividend declaration. 