What are the differences in the various forms for holding securities?
• Physical Stock Certificates registered in the investor’s name require the investor to safeguard them until the investor wishes to sell or transfer the shares. As a registered owner, you receive dividends, annual reports, proxies and other mailings directly from Wells Fargo Shareowner Services. Physical certificates carry risk. If they are lost, the investor will have to pay to replace it. This cost is generally 2% of the certificate’s market value. • Street Name Registration. If you choose to have an account with your broker/dealer, your shares will be in “street name”. Under this type of registration, your ownership is recorded on your broker/dealer’s books and not directly on the corporation’s books. Your broker/dealer will send you periodic statements indicating all securities in your account at the broker/dealer. Annual reports, proxies, and other issuer mailings will be sent to you from your broker/dealer. • Direct Registration allows you to have your security registered in your
