This is my first time applying to Exercise my rights and Excess Shares application through Nominee Account. And I want to have this blogged for future reference.
In Investopedia definition " A nominee account is a type of account in which a stockbroker holds shares belonging to clients, making buying and selling those shares easier."
After selling a chunk of my iReit Global Shares. I am left with 23,000 shares in DBST which works like a nominee account that I would like to try out the experience.
First Step Receive a notification from DBST in the online Wealth Management Notification Icon.
Notification Second Step Is important step as any mistake may render application erroneous with unintended consequences. I heard layout can be different between different brokers and ATMs. So do be very careful and consult your banks or brokers. For my case is as follow....