To: K A Anderson who wrote (603 ) 12/15/1998 6:15:00 PM From: mulla711 Read Replies (2) | Respond to of 3596
All THREAD.. CVIA is not the only one going through DTC problems....I have been looking for my dividend shares in (BANY) for ANYTHING INTERNET...here is a letter concerning them.... KAA is this the same agent....mulla711 Thank you for your support and patience with the Anything Internet stock dividend. We are aware of some problems, and expected them. Dividends never go as smoothly as one would like. The transfer agent issued all of the dividends correctly to the shareholders of record holding certificates as of November 3rd, including the Depository Trust Company which technically owns all shares held in street name. It is at this level where things get messed up and confusing. The DTC pays dividends according to NASD mandates. The NASD arbitrarily determined that the Anything Internet dividend shares were attached to the DTC shares from the record date to the payment date (also their ex-dividend date). As such, anyone holding shares in street name needed to own them on December 7th in order to receive the dividend. Those that sold prior to December 7th also sold their dividend. Likewise, those that bought BANY also bought the attached Anything Internet shares. However, because you owned it prior and through you qualify for the dividend. You should have your stockbroker contact the transfer agent to track down where your dividend shares are. Sometimes the DTC or the broker places them with the wrong accounts. The transfer agent is: Gina Beckett Oxford Transfer and Registrar 317 S.W. Alder, Ste. 1120 Portland, OR 97205 503-225-0375 503-273-9168 fax I hope this helps answer your questions and gets your dividend credited to your account quickly. If you have any additional questions, please feel free to contact me. Sincerely, J. Scott Sitra Banyan Corporation Investor Relationssitra.com jscott@sitra.com (512) 453-3817 (512) 453-7553 fax P. O. Box 50404 Austin, Texas 78763