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Monday, April 03, 2006 8:33:54 PM
It isn't the common that has to be delivered in cert form; it's the "preferred" issued as the divvy.
I don't know the reason for this, if in fact the report from Scottrade is true. The preferred doesn't have a ticker, but that's not necessarily an impediment: CMKX managed to distribute its CIM divvy in electronic form. CIM is a private company. But then maybe DTCC learned a lesson from that.
I wonder if it might also have to do with the fact that the TA, American Heritage, is Canadian.
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