(a) The text of the proposed rule change by The Depository Trust Company (“DTC”) is annexed hereto as Exhibit 5. The proposed rule change would add a new fee to the DTC Fee Schedule (“Fee Schedule”)1 that would be charged to the transfer agent of any DTC-eligible issue when the transfer agent notifies DTC of a corporate action event (“Corporate Action”) that requires a new CUSIP to be made DTC-eligible,2 as more fully described below.3
As noted, the fee is $1000, and the rule became effective on 1 January.