Typically, up to one-fifth of registered shareholders do not respond to requests to tender shares after a mandatory plan of arrangement or compulsory acquisition. In these cases, investors may have moved and are unaware of the merger, don’t know of the requirement to exchange their shares, have lost their certificates, are deceased or have simply forgotten that they own the investment. For an issuer, maintaining these inactive shareholder accounts on a register with a transfer agent can be costly and impair investor relations efforts. The numbers can increase over time which can impact the success of future corporate action events, special meetings, and AGMs.
Kingsdale’s Asset Reclamation service will locate and assist shareholders to convert un-exchanged shares of previously acquired companies into new entitlements. The Asset Reclamation service is founded on a two-part value proposition:
Not all mergers or acquisitions are the same. Our Asset Reclamation program is designed to be flexible and can be customized to consider unique requirements such as:
The duration of our program is flexible and also includes a quarterly mailing to shareholders which will remind them of their options in exchanging their shares.
Kingsdale’s Asset Reclamation service is designed as an efficient and convenient way for shareholders to claim the new securities or entitlements.
Kingsdale Asset Reclamation Specialists use their tested and proven research methodology to locate “lost” shareholders which are contacted by phone, mail, and email.
Kingsdale’s Client Service Team provides shareholders with personalized customer support throughout the exchange process which includes:
Kingsdale's Corporate Action Team provides guidance on the most complex situations and audits all shareholder submissions to ensure that they adhere to the strict STAC (Securities Transfer Agents of Canada) guidelines as well as all securities regulatory requirements.