Lost Shareholder Services. The Transfer Agent shall perform the following services and shall comply with Rule17Ad-17 promulgated under the 1934 Act for Lost Shareholders and Unresponsive Payees.
(a) Code Shareholder Accounts as ‘lost’ when mail has been returned as undeliverable by the United States Postal Service
(b) Identify lost Accounts eligible for SEC Mandated Searches
(c) Perform electronic database searches in accordance with SEC requirements
(d) Update Shareholder Account with a new address provided by search firm and remove lost status
(e) Send SEC ADDRESS VERIFICATION NOTICE to Shareholders when a new address has been applied to the Account
(f) Send SEC ADDRESS VERIFICATION NOTICE to Shareholders when the address search has provided the Account address of record as the most current (lost status not removed)
(g) Reissue unclaimed property to Shareholders upon receipt of signed verification notice
(h) Identify a Shareholder as an Unresponsive Payee if a check is sent to the Shareholder and is not negotiated:
(i) before the earlier of the paying agent’s sending the next regularly scheduled check or
(ii) the elapsing of six (6) months (or 180 days) after the sending of the not yet negotiated check
(i) Provide written notification to each Unresponsive Payee with a non-negotiated check outstanding more than 180 days and valued at $25 or more, stating that the Unresponsive Payee has been sent a check that has not yet been negotiated. That notification must be provided no later than seven (7) months (or 210 days) after the sending of the not yet negotiated check.
Lost Shareholder Services a. Transfer Agent will use its best efforts to capture and maintain records of shareholder contact sufficient to establish active shareholder account status pursuant to its good faith interpretation of applicable state escheatment laws, rules and regulations.
b. After two mailings sent by Transfer Agent to a shareholder have been returned undeliverable (“RPO”), a stop-mail code is put on the shareholder’s account. Transfer Agent then performs the two database searches as required by Rule 17Ad-17 under the Exchange Act (“SEC Searches”) for lost shareholders in an attempt to locate the lost shareholder.
c. If, as a result of these two searches, a more current address for the shareholder is provided, Transfer Agent will update the address on the account and remove the stop-mail code. If a more current address is not provided, Transfer Agent will conduct the Inactive Account Outreach Services as described in section 2 of this Exhibit A.
Lost Shareholder Services a. After two mailings sent by the Transfer Agent to a shareholder have been returned undeliverable (“RPO Accounts”), a stop-mail code is put on that shareholder’s account. The Transfer Agent then performs the two SEC mandated searches for lost shareholders using the information data bases of a third party vendor (currently Lexis Nexis) to attempt to locate the lost shareholder.
b. If, as a result of these two searches, a more current address for the shareholder is provided, the Transfer Agent will update the address on the account and remove the stop-mail code. If a more current address is not provided, the Trust will direct the Transfer Agent to provide the relevant account information for escheating.
Lost Shareholder Services. The Transfer Agent shall attempt to locate and restore communication with Shareholders with whom the Transfer Agent or the Fund has lost contact utilizing a third party database service. The Transfer Agent shall cause lost Shareholder searches to be performed as frequently as required by the rules and regulations applicable to its transfer agency business and, additionally, as reasonably requested by the Fund. In consideration of the performance of the duties by the Transfer Agent pursuant to this Section 1.2(g), the Fund agrees to pay the Transfer Agent for the reasonable out-of-pocket expenses that may be associated with these additional duties;
Lost Shareholder Services. A fee of $3.00 will be charged for each lost account searched per database searched. A fee of $2.50 will be charged per account for each state mandated due diligence mailing.
Lost Shareholder Services a. Pursuant to Section 2.03 of the Master Agreement, Boston Financial shall accept any Shareholder checks and statement mailings returned to Boston Financial as undeliverable due to incorrect shareholder addresses ("RPO Mail"). Boston Financial shall record and research each piece of RPO Mail and attempt to find an up-to-date address for the intended recipient.
b. If, as a result of the two searches, a more current address for the shareholder is provided, Boston Financial will update the address on the account. If a more current address is not provided, Escheatment Services will be provided, as below.
Lost Shareholder Services a, After two mailings sent by Boston Financial to a shareholder have been returned undeliverable ("RPO Accounts"), a stop-mail code is put on that shareholder's account. Boston Financial then performs the two SEC mandated searches for lost shareholders using the information data bases of a third party vendor (currently Lexis Nexis) to attempt to locate the lost shareholder.
Lost Shareholder Services a. After two mailings sent by Transfer Agent to an address of a shareholder of one or more Portfolios whose shareholder account is held directly with the Transfer Agent (each such shareholder a “Shareholder”) contained in the Transfer Agent’s master shareholder file have been returned undeliverable (“Lost Shareholder Accounts”), a stop-mail code will be placed on that Shareholder’s account (each such Shareholder, a “Lost Shareholder”). Transfer Agent, exercising reasonable care, and in accordance with Rule 17Ad-17 of the Securities Exchange Act of 1934, as amended, shall then perform the two database searches for the Lost Shareholder using at least one information database of a third party vendor to attempt to locate the Lost Shareholder’s correct address (the “SEC Required Searches”).
b. If, as a result of the SEC Required Searches, a more current address for the Lost Shareholder is provided, Transfer Agent will update the address in its master shareholder file and remove the stop-mail code.
Lost Shareholder Services. After two mailings sent by the Transfer Agent to a shareholder have been returned undeliverable (“RPO Accounts”), a stop-mail code is put on that shareholder’s account. The Transfer Agent then performs the two SEC mandated searches for lost shareholders using the information data bases of a third party vendor (currently Lexis Nexis) to attempt to locate the lost shareholder. If, as a result of these two searches, a more current address for the shareholder is provided, the Transfer Agent will update the address on the account and remove the stop-mail code. If a more current address is not provided, the Trust will direct the Transfer Agent to provide the relevant account information for escheating. The Transfer Agent will identify accounts as inactive based on the DST Escheatment Dormancy Trigger Categories as they are updated from time to time (“Dormancy Triggers”). The Transfer Agent will capture and maintain customer contact type and date. The Transfer Agent will mail a notice of escheatment to the shareholder or the payee of an outstanding check (the “Due Diligence Letters”) based on state mailing schedules as established by the Transfer Agent that facilitate compliance with its good faith interpretation of applicable state escheatment law. The Transfer Agent will escheat eligible property to the applicable states based on state remittance schedules established by applicable state law.
Lost Shareholder Services. A fee of $3.00 will be charged for each lost account searched per database searched. A fee of $2.50 will be charged per account for each state mandated due diligence mailing. Other Services: Fees for any services provided to Client by or on behalf of Mellon hereunder that are not set forth in Exhibit B hereto or in this Exhibit D will be based on Mellon’s standard fees at the time such services are provided or, if no standard fees have been established, an appraisal of the work to be performed. THIS AMENDMENT (this “Amendment”), dated September 25, 2007, is entered into between Mellon Investor Services LLC, a New Jersey limited liability company (“Mellon”), and Jxxx Hxxxxxx Patriot Premium Dividend Fund II, Jxxx Hxxxxxx Patriot Select Dividend Trust, Jxxx Hxxxxxx Investors Trust, Jxxx Hxxxxxx Income Securities Trust, Jxxx Hxxxxxx Bank and Thrift Opportunity Fxxx, Xxxx Hxxxxxx Preferred Income Fxxx, Xxxx Hxxxxxx Preferred Income Fund II, Jxxx Hxxxxxx Preferred Income Fund IXX, Xxxx Hxxxxxx Tax-Advantaged Dividend Income Fund (collectively, the “Existing Clients”) and Jxxx Hxxxxxx Tax-Advantaged Global Shareholder Yield Fund (together with the Existing Clients, the “Clients”), each a Massachusetts Business Trust and a Maryland corporation,
