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WHAT YOU SHOULD KNOW ABOUT TRANSFERRING DISNEY STOCK
- The transfer of securities is a legal act. Owners or their agents should obtain expert advice.
- Disney Shareholder Services is a Paperless Legals Agent (PLA)
- Transfers require that a new account be established unless transferring to an existing registered account. The new account owner should submit IRS Form W-9 or taxes on disbursements will be withheld. See www.IRS.gov.
- Stock certificates must be presented for transfer. If certificates are missing, they will need to be replaced before the transfer can be completed. For instructions to replace missing certificates, contact Disney Shareholder Services (818)553-7200.
- Transferred shares will be held electronically in DRS unless the transfer instruction specifically requests a stock certificate be issued. If shares are held in DRS, the new shareholder(s) will receive a DRS advice notice, shortly after the completion of the transfer.
As Transfer Agent, Disney Shareholder Services relies on the Medallion guaranteed signature of the shareholder or his/her agent(s) to transfer stock. When a signature is Medallion guaranteed on a transfer instruction, the financial institution as guarantor makes certain warrantees upon which the transfer agent can rely.
- The signature is genuine;
- The signer is an appropriate person to endorse or originate the instruction;
- If the signature is the capacity as agent, the signatory has actual authority to act on behalf of the appropriate person; and
- The signer has legal capacity to sign.
Supporting legal documentation (death certificates, Trusts, Powers of Attorney, Letters Testamentary/Administration, etc) must be presented to and maintained by the guarantor institution. Legal documentation which accompanies a transfer request to Disney will not be reviewed or returned.
Eligible guarantor institutions include banks, savings and loans, broker-dealers or credit unions that are currently members of an approved Signature Medallion Program.
Disney Shareholder Services is Direct Registration (DRS) eligible. DRS allow shareholders to hold their shares directly with the Company, electronically, rather than having a physical stock certificate issued.
DRS is also an efficient and convenient way to transfer shares to and from a financial institution/broker. For share transfers through the DTC Direct Registration System, instruct your broker to initiate the transfer transaction with a DRS profile.
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