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What is the Direct Registration System (DRS)?

April 26, 2017Drs registration system

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What is the Direct Registration System (DRS)?

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The Direct Registration System (DRS) is a method of recording shares of stock in book-entry form. Book-entry means the Company’s transfer agent (American Stock Transfer & Trust Company) maintains your shares on your behalf without the need for physical share certificates. Shares held in uncertificated book-entry form have the same rights and privileges as shares held in certificate form.