Delaware changed its custodian for the reporting of securities to Wells Fargo Advisors. Any holders reporting and remitting securities to Delaware should follow the updated instructions that are available in the Holder Reporting Guide (page 40) at unclaimedproperty.delaware.gov.
Delaware provided the following reminders:
Five days prior to delivery of securities, holders must e-mail their intent to deliver to Delaware’s custodian via an Excel Document containing the issue name, CUSIP, ticker symbol, number of shares, and the delivering party’s DTC participant number and/or delivering party’s information. Please email the Excel list to Delawarecustody@kelmarassoc.com and escheat.holderquestions@delaware.gov.
All reported shares should be delivered via ACATS using the following instructions:
- Wells Fargo Clearing Services, LLC
- ACATS Participant # 0141
- Reference: State of Delaware Main Account
- Account # 3294-9051
Worthless or Non-transferable securities should not be reported until the securities become transferable or have gained value. Non-transferable securities with value should be liquidated by the holder, and then reported and remitted as the cash proceeds.
Advisely offers unclaimed property management and reporting services for organizations during the annual reporting cycle. Contact Eric Burke at eburke@adviselyllc.com to discuss the Advisely reporting checklist.
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