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Thursday, 02/23/2017 8:10:25 PM

Thursday, February 23, 2017 8:10:25 PM

Post# of 38547
Information on retiring a stock share

In order to retire stock, the company must first buy back the shares and then cancel them. shares can not be reissued on the market, and are considered to have no financial value. They are null and void of ownership in the company. Retired stock is repurchased from the money saved in the company's retained earnings