![]() The letter of instruction must be accompanied by a Legal Transfer Form bearing the appropriate signature(s).Please send us a letter of instruction signed by all registered owners stating your intent to transfer.Confirm that Broadridge is the transfer agent - our name will usually appear on your account statement.For example: Mary Jones Tr U/A dtd 4/15/98 The Mary Jones Trust FBO Mary Jones. Registering shares in the name of a Trust requires that specific information be provided: the name of the trust and/or the maker or beneficiary and the date of the trust instrument. For example: Mary Smith Cust Don Smith NY Unif Trans Min Act. A custodial registration for a minor is a common form of this registration type. A custodial registration requires the names of the custodian and the beneficial owner. ![]() There are several custodial registrations possible. Example: Mary Smith & Barbara Smith Ten Com. This registration allows an appropriate portion of the shares to pass to the estate of the holder upon the holder's death rather than to the surviving tenant. Example: Mary Smith & Barbara Smith Jt Ten. ![]() Should one of the parties die, ownership of the shares passes to the surviving tenant(s). This registration is used when two or more individuals have equal claim to the shares. Joint Tenants with Rights of Survivorship Several types of Joint Registration exist including Joint Tenants with right of survivorship, Tenants by the Entirety and Tenants in common. Example: Mary Smith is preferred instead of M Smith. This registration gives sole ownership to the single individual and requires that the person's legal name be used. What are the more common types of security registrations? If you wish to move your shares from registered to beneficial ownership, Broadridge or your broker will help you do so. Company mailings, including dividends, will reach you through your broker. Securities held in a brokerage account, and registered in the name of the broker or other institution, are referred to as being in "street name" or "beneficial shares." If you keep your stock with your broker in a broker account, you are a "street name" holder and are not directly registered on the company's records as maintained by the transfer agent. What are "street name shares" or "beneficial shares"? Registered shareholders receive dividends, proxies and other communications directly from the corporation via the transfer agent or the corporation directly. The registered shareholder may be an individual, a trust, a broker, etc. ![]() Request that Broadridge facilitate the sale of your shares by completing the form attached to your account statement and returning it to Broadridge.Ī registered shareholder is the owner of record on the books of the corporation, generally kept by the transfer agent.Transfer shares to your broker via the transfer process (see FAQ "Transfers").Selling shares held in a plan You may sell shares held in a plan by taking one of the following steps: Change your elections by completing the form on your account statement and returning it to Broadridge.Visit your online account and change your investment elections in the appropriate plan section.Make the selection by filling out the form on your account statement and returning it to Broadridge.Ĭhanging plan elections You may change your plan investment decisions by taking the following steps:.You will find the information under the "Dividend Payment Options" section of the website. Make the selection via your online account.DRIP - You may elect to have your dividends reinvested in any of the following ways:.Certificates will not be issued for shares held in a plan. Note that all shares held in a plan will be in DRS (book-entry) form. Dividend Reinvest Plans (DRIP) is a plan provided on behalf of corporations to simplify investment activity.ĭRIPs offer shareholders the convenience of reinvesting dividends, minimizing the expense and effort associated with dividend checks.
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