Sentences with phrase «held by an intermediary»

They are held by an intermediary until the new documents have been recorded, and that process takes time.

Not exact matches

If you are a beneficial owner of shares held in street name, please check the voting instructions in the notice provided by your broker, bank or other intermediary for telephone voting availability.

If you are a beneficial owner of shares held in street name, you may vote by mail by completing, signing and dating the voting instructions in the notice provided by your broker, bank or other intermediary and mailing it in the accompanying pre-addressed envelope.

Cumulative quantity discount eligible shares are Franklin Templeton Fund shares registered to (or held by a financial intermediary for):

Brokerage firms and other intermediaries holding shares of our common stock in street name for their customers are generally required to vote such shares in the manner directed by their customers.

Shareholders holding Shoppers Drug Mart shares through a broker, investment dealer or other intermediary, should carefully follow the instructions provided by such broker, investment dealer or other intermediary in order to make an election.

A source also said that Kevin Law, president and CEO of the Long Island Association and a former Suffolk chief deputy county executive, has been approached by Cuomo intermediaries to consider running for lieutenant governor, a job held by former Rochester Mayor Robert Duffy.

Panelists noted the challenge some intermediaries face in not having sufficient clout to assemble larger service providers and systems, while also acknowledging that intermediaries can play an important role by conducting research or holding the vision for reform.

This is tolerated by the financial system because the debt has been swapped out through financial intermediaries, so investors get to hold relatively safe instruments like bank deposits and Fannie Mae securities.

This restriction is overcome by using an intermediary meeting the requirements of a trustee under Sec. 401 (a) to hold the physical gold for a fee.

Cumulative quantity discount eligible shares are Franklin Templeton Fund shares registered to (or held by a financial intermediary for):

According to information released by the Federation of Exchange Accommodators, 98 % of their qualified intermediary members retain a portion of the interest earned on exchange funds, and to do this at higher profits they may hold exchange funds in a pooled account.

If the exchanger is buying a replacement property that requires more cash to close than the amount held by the qualified intermediary, he will have to forward additional cash to the closing.

Effective April 1, 2018, class C shares will automatically convert to class A shares after ten years, provided that the fund or financial intermediary through which a shareholder purchased class C shares has records verifying that the class C shares have been held for at least ten years, and class A shares are available for purchase by residents in the shareholder's jurisdiction.

The qualified intermediary documents the exchange by preparing the necessary paperwork (Exchange Agreement and other documents), holds the exchange proceeds on behalf of the taxpayer, and structures the exchange after an assignment of the sale and purchase contracts by selling the relinquished property and purchasing the replacement property.

If your fund shares are no longer held by an authorized intermediary, the fund may impose restrictions on your ability to manage or maintain your shares.

As the Court held in paragraph 70 of its ruling of 14 June 2016: «Participation by the Parliament in the legislative process is the reflection, at Union level, of a fundamental democratic principle that the people should participate in the exercise of power through the intermediary of a representative assembly.»

Moreover, when an owner holds an original coin in a wallet maintained by an intermediary (such as Coinbase), the timing of realization is unclear.

These funds are usually held by the qualified intermediary in a commingled account with the exchange funds of other taxpayers.

The intermediary should offer a Letter of Credit backed by a financial institution to guarantee the safety of funds held.

The Intermediary then sold Royal Towers to Saivo for the agreed upon price, and used the proceeds plus $ 724,554 from Teruya to purchase the two parcels held by Times.

We defer federal and state capital gain and depreciation recapture taxes by providing qualified intermediary services to accommodate or facilitate simple and complex, foreign and domestic, forward and reverse, 1031 tax deferred exchanges of real property held either for use in business or investment.

When you sell real estate or personal property that will be part of a 1031 exchange and you carry back an installment note (seller carry back financing) to facilitate the sale of the asset, the installment note must also be included as part of the tax - deferred exchange account held by the Qualified Intermediary in order to defer all of your income tax liabilities.

The Internal Revenue Service has placed certain restrictions on Clients» rights to receive, pledge, borrow, or otherwise obtain the benefits from your tax - deferred like - kind exchange funds pursuant to Section 1.1031 (k)- (g) of the Internal Revenue Service Regulations while your funds are being held and safeguarded by your Qualified Intermediary.

In other words, the note must be owned by and held by the Qualified Intermediary.

In the meantime, the Fed is moving forward on a final rule that allows bank holding companies to act as «finders,» or intermediaries, by bringing together buyers and sellers of financial products for deals they negotiate themselves.

The cash portion or net proceeds from the sale transaction would be sent to your Qualified Intermediary at the close of your relinquished property sale transaction and the installment note would be owned and held directly by you and would not be part of your 1031 Exchange.

1031 Exchange funds should always be deposited and held in separate, segregated Qualified Trust Accounts or Qualified Escrow Accounts in order to protect clients» 1031 Exchange funds from an unexpected voluntary or involuntary bankruptcy filing by the Qualified Intermediary.

Another important element that is arguably just as critical as the 1031 Exchange Qualified Intermediary's investment policy is the protection of your 1031 Exchange funds while being held, managed, safeguarded and invested by the 1031 Exchange Qualified Intermediary.

Qualified Intermediaries hold your 1031 Exchange funds in order to prevent constructive receipt of the funds by you.

Note payments to be made during the time that the note is held by the Qualified Intermediary must be paid to the Qualified Intermediary.