STOCKS, BONDS AND MUTUAL FUNDS

Missing Securities: Find Stocks, Bonds and Mutual Funds

The SEC estimates 3 million stockholders are entitled to abandoned stock worth $10 billion. Additionally, $500 million in lost stock dividends are not cashed each year. A wave of corporate mergers, acquisitions, restructurings, share spin-offs and name changes has dramatically increased the amount of lost stock and unclaimed dividends.

 

If you’re a stockholder in a company that merged or was acquired, you may be entitled to collect spin-off shares, cash distributions or dividends from the restructuring, even if shares were sold long ago. Former owners of AT&T, for example, may be eligible to receive shares in nearly a dozen other companies. Perhaps the largest source of unclaimed stock over the last several years has resulted from the recent de-mutualizations of major life insurance companies, including Metropolitan Life (MetLife), Prudential, John Hancock and others.

 

De-mutualization is the process of converting a mutual life insurance company, which is owned by its policyholders, into a publicly traded stock company owned by shareholders. Did a deceased relative invest in stocks, bonds or mutual funds? Are dividend checks and bond interest payments missing? Were stock certificates lost or destroyed? In most cases they can be replaced.

Interested in learning more about our services? Speak with Mark Reese, CPA at (952) 451-3092 or email us at markreese@reesecpafirm.com

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Reese CPA Firm

9744 La Foret Dr.,

Eden Prairie, MN 55347

Phone. 952-451-3092

Email. MarkReese@ReeseCPAFirm.com