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jgt540

01/31/10 6:43 PM

#2993 RE: Pandora #2967

What is the difference between a registered shareholder and a beneficial shareholder?

A registered shareholder is a shareholder who holds shares directly in their name, in certificate or book-entry form, and is listed on the records of a corporation as owning the shares of the corporation.

A beneficial shareholder is a shareholder who enjoys the benefits of ownership even though the title is kept in the name of a broker/dealer, bank nominee or custodian fund. When shares are kept in this manner, it is often referred to as keeping the shares in "Street Name.”