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What are book-entry shares?

April 26, 2017book-entry Shares

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What are book-entry shares?

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Book-entry form of registered ownership allows you to own shares without having physical stock certificates in your possession. Our agent, Wells Fargo, provides a statement of your account.

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The book-entry form of registered ownership allows you to own shares without having physical stock certificates in your possession. Ownership is reflected by an entry in the issuer’s books. Some benefits of book-entry ownership are the elimination of problems associated with paper certificates such as storage and safety of securities. Book-entry shares also eliminate the requirement for physical movement of stock certificates at the time of sale or transfer of ownership. 5.