What is Direct Registration (i.e., book-entry ownership)?
Direct Registration is a certificate-less form of stock ownership. Instead of getting a paper stock certificate, your shares are held in your name and kept electronically on our records (through our transfer agent). The benefits of Direct Registration are: • You do not have to worry about keeping track of your physical stock certificates; • You avoid the cost and inconvenience of replacing your stock certificates if they are lost, stolen or destroyed; Your shares are automatically updated or credited in the event of a corporate action, such as an ownership transfer or stock split.
