Common use of Proxies and Corporate Mailings Clause in Contracts

Proxies and Corporate Mailings. Unless You indicated otherwise in the Agreement, Pershing Advisor Solutions will direct all proxies and corporate mailings (including corporate action notifications) to your Investment Advisor(s). Pershing Advisor Solutions understands that your Investment Advisor has agreed to vote (or act on) corporate mailings subject to your consent. But unless You agree otherwise, your Investment Advisor will not be authorized to take action or render any advice involving litigation or prospective litigation (including class action) or bankruptcies regarding securities or other investments held in Your Account(s), or of their issuers. You should take any litigation, prospective litigation and bankruptcies into consideration, obtain advice if You believe it is appropriate, and respond as required. You or your Investment Advisor may instruct Pershing Advisor Solutions to direct proxies and corporate mailings to You by sending us separate written directions.

Proxies and Corporate Mailings. Unless You you indicated otherwise in the Agreement, Pershing Advisor Solutions will direct all proxies and corporate mailings (including corporate action notifications) to your Investment Advisor(s). Pershing Advisor Solutions understands that your Investment Advisor has agreed to vote (or act on) corporate mailings subject to your consent. But unless You you agree otherwise, your Investment Advisor will not be authorized to take action or render any advice involving litigation or prospective litigation (including class action) or bankruptcies regarding securities or other investments held in Your Account(s), or of their issuers. You should take any litigation, prospective litigation and bankruptcies into consideration, obtain advice if You you believe it is appropriate, and respond as required. You or your Investment Advisor may instruct Pershing Advisor Solutions to direct proxies and corporate mailings to You you by sending us separate written directions.