Householding
   
   

Householding

In 2000, the Securities and Exchange Commission (SEC) enacted a rule that allows two or more shareholders residing at the same residence to receive a single copy of proxy and information statements, annual reports and prospectuses, if they consent to do so. This is known as “Householding” and is allowed if:

  • The company, or issuer, agrees to have its documents householded.
  • The shareholders consent to or do not object to having their documents householded.
  • The shareholders have the same last name and exact address.
  • Householding is consistent with the practices of the shareholder’s intermediary.

It is important to note that each shareholder receives his/her own voting form. It is only the proxy materials (the background information) that are consolidated. Each shareholder is still entitled to cast his/her own vote.

Householding helps issuers reduce the costs associated with printing and mailing these materials to its shareholders and helps reduce waste.

SEC Rule 14a-3

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