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Monday, 04/01/2024 3:36:55 PM

Monday, April 01, 2024 3:36:55 PM

Post# of 728969
9. How are Common Shares distributed by DTCC? DTCC is not a public company, so who decides the
number and value of Common Shares?
Since only Participants are qualified to own Common Shares, there is no “market value” for the Common
Shares. The price at which Common Shares are transferred from one Participant to another (the “Share Price”),
is determined using a formula set forth in the Shareholders Agreement.
10. How much will each Participant have to pay, on average, to hold Common Shares?
The Share price for the 2024 reallocation is $59,327.12 per share. This Share Price was determined using the
formula set forth in the Shareholders Agreement.
The actual amount of Common Shares that each Participant will own is determined by its respective use of the
services of the Clearing Agencies, and whether it is a Mandatory Purchaser Participant or a Voluntary Purchaser
Participant.
11. Does DTCC pay dividends on Common Shares?
DTCC does not, as a matter of policy, pay any dividends on Common Shares.
12. What powers or benefits are conferred upon shareholders of DTCC by virtue of their owning
Common Shares?
The holders of the Common Shares are entitled to elect all of the directors on the DTCC Board, other than the
two directors who are elected by the holders of the Series A Preferred Shares and the Series B Preferred Shares.
The holders of the Common Shares are also entitled to vote on any matters submitted to shareholders for a vote
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