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Re: locksflooring post# 19353

Wednesday, 07/08/2009 9:12:10 AM

Wednesday, July 08, 2009 9:12:10 AM

Post# of 92948
morning locks,

"shareholders of record" can be deceiving. Most of us own shares through brokerage firms and those firms are in "street name". The actual number of beneficial holders is very much higher than 243, imo. Last year ACT worded it this way:
" As of December 31, 2007, there were approximately 7,000 record owners of our common stock."

"The shareholder of record is the person named on the company's books as owning one or more shares of that company's stock. Dividends or any other distributions made by the company are only made to the shareholder of record. The shareholder of record should not be confused with the beneficial owner of shares. The beneficial owner receives the benefits of stock ownership without being the shareholder of record. A beneficial owner may create a shareholder of record (often a child or other family member or a corporation) for tax or other purposes. Brokerage houses often keep shares in a "street name" rather than the name of the shareholder of record in order to facilitate future transactions. A shareholder of record may also be called a holder or owner of record."
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