The DTC also facilitates dividend distribution. No
Post# of 36728
Posted On: 11/13/2013 7:54:02 PM
The DTC also facilitates dividend distribution. Not sure if this will pose an issue to DTC if they are asked to distribute free-trading shares of AEGY during a DTC chill. I'd feel a little better if the AEGY shares are restricted, hence, not free trading.
"Because the securities held by DTC are for the benefit of its participants and their customers (i.e., investors holding their securities at a broker-dealer), frequently the issuer and its transfer agent must interact with DTC in order to facilitate the distribution of dividend payments to investors, to facilitate corporate actions (i.e., mergers, splits, etc.), to effect the transfer of securities, and to accurately record the number of shares actually owned by DTC at all times."
"Because the securities held by DTC are for the benefit of its participants and their customers (i.e., investors holding their securities at a broker-dealer), frequently the issuer and its transfer agent must interact with DTC in order to facilitate the distribution of dividend payments to investors, to facilitate corporate actions (i.e., mergers, splits, etc.), to effect the transfer of securities, and to accurately record the number of shares actually owned by DTC at all times."
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