An Oddlot Program managed by Connect Shareholder Services can help your company reduce its shareholder-servicing costs and provide your company’s smaller shareholders with a valuable service.

Shareholders who own fewer than 100 shares of stock—known as oddlot holders—often received their small number of shares in connection with a merger or an acquisition, as part of a spin-off, or as a gift when they were a minor. Typically, the cost to sell such a small number of shares, even if the shareholder has their certificate, can be disproportionately high. As a result, these shareholders will remain on a company’s shareholder records until they are offered a convenient and cost-effective method by which they can sell their shares.

Through Connect’s Oddlot Program, your company’s shareholders can either sell all their shares or purchase enough additional shares to increase their holdings to exactly 100 shares. We manage the entire project from start to finish and estimate that at least 25%-30% of your company’s registered oddlot shareholders will take advantage of the opportunity to sell their shares, helping your company to realize significant cost-savings.