How can holders of Class A Preferred Stock sell their shares?
A. Holders of Class A Preferred Stock can convert their shares to Common Stock and transfer them to their own broker to sell or hold. Stockholders should allow three to five business days from the receipt of a written request by BNY Mellon to transfer shares from BNY Mellon to another broker or financial institution. See Q-E4 for more information about transferring shares of Class A Preferred Stock to a broker. Stockholders may also sell their shares through BNY Mellon’s share selling program. Holders of shares of Common Stock may also sell their shares directly through the BNY Mellon share selling program if those shares are registered in the stockholder’s name at BNY Mellon. (Note that most purchases of Common Stock in the open market through a broker result in the shares being registered in the street name of the broker, not the stockholder.
