What is a shareholder servicing agent?
A shareholder services agent is typically a third-party entity that partners with a publicly traded corporation or mutual fund to provide for the ongoing needs of the shareholders. Shareholder services agents are responsible for investor record-keeping, communications, and some other administrative responsibilities.
How much does a transfer agent cost?
Transfer Agent Fees To Issue Registered Stock Certificate
| Company | Symbol | Transfer Agent Fee |
|---|---|---|
| Alibaba Group | BABA | $25 |
| Alphabet | GOOGL | $0 |
| Amazon | AMZN | $25 |
| AMC | AMC | $0 |
What does a share transfer agent do?
‘Share transfer agent’ is an agent who, on behalf of the body corporate, maintains recorders of holders of securities issued by such body corporate and deals with the processes of transfer and redemption of securities.
What is the difference between a transfer agent and a custodian?
Transfer agents handle the direct responsibility for shareholder purchases and sales of mutual fund shares. The custodian then records these transactions without fund manager involvement. Custodians report these transactions to fund managers so they can continue to keep fund assets and fund cash positions healthy.
Can a shareholder be an agent of a company?
Under general corporation law, shareholders as principals have the right to vote for directors as agents of the corporation; however, a shareholder does not have the right to be elected as a director or appointed as an officer of the corporation.
What does shareholders receive from the company?
Common shareholders possess the right to share in the company’s profitability and gains from its stock price appreciation. Shareholders may also share in a company’s profits by receiving cash or stock payments from the company—called dividends.
How do transfer agents make money?
Transfer agents pay distributions to investors, based on the registrar’s records. For example, transfer agents send interest payments to bondholders, as well as the face value of their bonds, once they reach maturity.
Who are the biggest transfer agents?
Melbourne Australia-based Computershare Limited (ASX: CPU) “the world’s largest transfer agent” – and the number-two US agent by a fairly big margin – signed a definitive agreement in April to acquire the BNY Mellon Shareowner Services business – a move that will affect more than 950 US issuers and roughly 200 …
How does a transfer agent work?
Transfer agents work for the security issuer to record changes of ownership, maintain the issuer’s security holder records, cancel and issue certificates, and distribute dividends. Transfer agents are usually banks or trust companies, but sometimes a company acts as its own transfer agent.
Can a corporation be an agent of another corporation?
All states permit certain entities, such as corporations and LLCs, to serve as registered agents for other entities. In most states, an entity serving as registered agent must have a street address and office in the state that is open during normal business hours.
What does it mean to be an agent of the company?
A company’s agent can act for the company and in some cases legally bind it. “Agency” is a legal term that describes the relationship between a principal (a person or business) who engages an agent (other person or business) to act for the principal. Another caution to business owners involves an undisclosed principal.
Who are the transfer agent services at AST?
Transfer Agency & Registrar Services At AST, we serve as your strategic partner, adding value through high-level consultative services and integrated execution of stock transfer agent services including complete share registry management, compliance risk reduction, and shareholder engagement.
How does a transfer agent help your company?
Your company doesn’t go through a merger or spin-off every day. Here is how your transfer agent can help you get the details right for a successful event. Millions of shareholders who interact with transfer agents regularly don’t know who we are or what we do. Here’s a quick look into the world of a transfer agent.
How to contact Comcast Corporation share transfer agent?
Toll-free: 888-883-8903. Outside the US: 651-554-3873. Send written correspondence to. our transfer agent: EQ Shareowner Services. P.O. Box 64874. St. Paul, MN 55164-0874. Contact Investor Relations: Comcast Corporation.