What is a Transfer Agent/Registrar?
A transfer agent/registrar for a publicly-held company keeps a record of every outstanding share/stock certificate and the name of the individual or company in whose name it is registered. When shares are bought and sold, the transfer agent transfers the ownership of the shares from the seller’s name to the buyer’s name. The registrar reconciles all transfer records and makes sure that the number of shares debited is equal to the number of shares credited. Magna’s transfer agent is Computershare. They also manage the Dividend Reinvestment Plan (DRIP) and all aspects relating to the documentation of your share certificate(s).
