Series 79: Stockholder List

Taken from our FINRA Investment Banking Exam

Definition of the term Stockholder List...

in a tender offer, a list of the securities’ record owners (not beneficial owners). One method of notifying potential tenderers is for the issuer to provide this list to the offeror. The offeror then mails summary term sheets and other required materials to the record owners. In cases where the record owner is a broker-dealer and the beneficial owner is its customer, the broker-dealer must forward the materials to the beneficial owner.

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