InvestorsHub Logo
Followers 2569
Posts 304989
Boards Moderated 29
Alias Born 04/12/2001

Re: Australia post# 4423

Monday, 04/03/2006 8:33:54 PM

Monday, April 03, 2006 8:33:54 PM

Post# of 56764
Why are the common shares needed to be delivered in form of "hard copies = papers"?

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.