How does the brokerage send proxy cards to their shareholders?
Does Cede and the DTC magically do this?
Of course not...
They have a list with the shareholders name and address and amount of shares owned and that information makes its way to a company like Proxy Vote who in turn compile a master list.
DUH!
That is so shareholders can vote online.
The brokerage also has the ability to send physical cards to their shareholder clients....DUH!
That list for OWCP has over 15000 names on it.
I could care less about what Cede or the DTC has to do with this.
The list the brokerages use for OWCP and every other equity has every one of their shareholders on it.
It's the NOBO list...or it's the OBO list if they want privacy.
When you sign up for a brokerage account you are required to indicate which list you chose to be on..The Non OBjecting Beneficial Owner List or the Objecting Beneficial Owner List.
Either list allows the brokerage to communicate with their client/investors.
So there is in fact names, addresses, shares owned.....
It isn't some black voided pit of doom that holds this information as you would have everyone believe...
ROTFLMAO!!!
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