Shareholders can and are encouraged to hold shares directly and electronically with Broadridge as a transfer agent in DRS or book entry instead of a physical certificate.
Stock certificates can be lost, misplaced, or damaged, depending on the number of shares. A shareholder must pay a surety bond to replace certificate(s) before transacting. DRS also allows a more convenient way to transfer shares to and from a financial institution/broker or participate more immediately in corporate action.
When surrendering the original stock certificate(s) for deposit or conversion to DRS or book entry, please do not sign the back for your security. We recommend that all certificates be mailed to Broadridge through USPS registered mail or a courier service that provides a return receipt. It is suggested that the shipment be insured for 2% of the current value of the shares for domestic shipments and 4% of the current value if the package is originating overseas. Mail your signed letter of instruction with the original stock certificate(s) requesting conversion to DRS or book-entry for safekeeping to the following address:
Standard Mail:
Broadridge Corporate Issuer Solutions
P.O. Box 1342
Brentwood, NY 11717-0718
Overnight Packages:
Broadridge Corporate Issuer Solutions
Attn: BCIS IWS
51 Mercedes Way
Edgewood, NY 11717-8368
You will receive a DRS Book Entry Statement confirming the deposit of the physical stock certificate(s).