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Wednesday, August 10, 2011 3:31:30 PM
The Board recognized that in order for our shareholder to experience the greatest potential value of their dividends they must be able to lift the restriction on their dividend securities at an affordable cost, after the 1 year holding period.
Unless otherwise declared all equity dividends will be issued as restricted securities under Rule 144 making them eligible for trading after a holding period of not less than one year. It is important to note that the dividend shares only become eligible for trading after a holding period of one year but, not tradable until the proper filing for an exemption under Rule 144 is filed and new securities are issued without a restrictive legends. It is normally the shareholder’s responsibility for filing the proper paperwork required to have the restriction lifted after the expiration of the holding period. Understanding that the normal cost of engaging a Securities Attorney to provide a legal opinion coupled with the service charges required by the transfer agent can run from $750.00 to $1,700.00 per transaction. The Company, in order to enhance the value and attraction of our Dividend Program is offering an affordable service that would enable our shareholders, that have held their dividends for a period of 1 year or more, to have the restrictive legends on their dividend shares lifted for a fee of $50.00, plus shipping. This service will include a Blanket Legal Opinion for each specific dividend issued and the re-issuance of a new certificate without the “restrictive legend”.
Please find below the instructions and information questionnaire required to lift the restriction on the Dividend Shares held by the shareholder for a period of not less than 1 year.
http://www.syndicationinc.net/dividend_program.php
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