Here are the S-3 shelf registrations from Independent Bank Corp/MA (INDB) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
An S-3 covers the shelf registration that lets an established company sell over time, so if you follow INDB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full INDB filings page.
Independent Bank Corp. is offering 1,000,000 shares of common stock through its 2014 Dividend Reinvestment and Stock Purchase Plan, from time to time after the registration statement’s effective date. Participants may reinvest cash dividends or make optional cash investments. Shares may be newly issued, treasury shares, or shares purchased in the market or through privately negotiated transactions.
The current discount on shares purchased with reinvested dividends is 2.5%; the plan allows a discount of up to 5%, which the company may change or eliminate. Optional investments generally range from $50 to $10,000 per calendar month; larger amounts require the company’s approval of a written waiver request. New investors may enroll with a $500 minimum initial investment. When shares are purchased directly from Independent Bank Corp., proceeds are intended for general corporate purposes.