A Scottrade response to Divy Opinions Please
Has anyone contacted their brokers. I contacted mine and their reply had some interesting points. Here is their reply:
Dear Mr. ******,
Thank you for your email. The Press Release appears to be conflicted.
In one part of the release, it talks to the effect of registering with your broker dealer regarding the NOBO list. Whether you are listed or not is immaterial as the Press Release further states that they will not issue the PDR certificate representing your beneficial interest if your shares are held at a broker dealer. That is based on the following section of the Press Release provided by you:
"In addition the company will make available a web portal so each shareholder can register to be part of the Fundacion PayPro. PDRs, which represent beneficial ownership of their underlying assets, cannot be transferred through a third party (i.e. Stock Broker). All PDR's must be issued directly to the beneficiary."
Based on the above, one reading might interpret that you will need to apply for a physical certificate, holding it outside your Scottrade account, if you wish your meter(s) of land PDR certificate. You should contact the Investor Relations Department of the firm issuing the security for your own clarification as we cannot give advice on the intentions of any company.
You may request to have shares issued from your Scottrade account in certificate form and mailed to your address of record on the account.
Please contact your local branch office to submit this request.
