Any stock or other equity interest in a business association or financial organization is presumed abandoned if the property remains unclaimed by the owner for more than three years after the date of the most recent dividend, stock split or other distribution.
Stock must be registered in Arizona’s nominee name of CACTUS & CO.
Holders who participate in DTC (Depository Trust Company) must transfer re-registered securities directly to: DTC Participant #901; Account #822432; Agent Bank 26500; Tax ID #75-3121666.
Forward, via fax to Vilka Markovich (617) 722-9660, notification of securities being transferred at least 24 to 48 hours prior to the transfer. Include in this notification the following: Issue Name; CUSIP #, number of shares and depository number. If prior notification is not received by Ms. Markovich, the transfer will be rejected and returned to the holder.
Include a copy of the DTC confirmation along with the Unclaimed Property Report you submit to the Unclaimed Property Unit of the Arizona Department of Revenue.
Dividend Reinvestment Plans will not be accepted in book entry form. Convert each owners account to whole shares, and register the whole shares into our nominee name. The report must indicate, for each individual owner, the number of whole shares and the amount of cash in lieu of fractional shares that are due.
Please transfer the abandoned shares to an account registered to the State of Arizona, Unclaimed Property Unit, Tax ID 86-6004791.
A copy of the funds statement must be included with the report for each fund reported. Mutual fund statements must be sent to the address listed above.
Worthless or Non-transferable Securities
Do not report worthless or non-transferable securities to our office. If these do become transferable or gain value, report and remit the shares at that time. You will not be penalized for late reporting in these situations.