Common use of Lost Shareholder Services Clause in Contracts

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. The Transfer Agent shall perform the following services and shall comply with Rule17Ad-17 Rule l7Ad-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.