"""shareholders of record""" .. meaning on the books at the Transfer Agent. Not the NOBO thing. This is another grey area. More word plays. For divies and proxies the brokers must ensure that non registered shareholders get them. Can shareholders of record NOT be registered shareholders ? All word play bull **** as far as I am concerned. Shareholders of record could be interpreted that they are on the record SOMEWHERE .. either registered at the T A or in brokerage accounts as electronic account holders.