Continental offers a Share Sale Program for issuers trading publicly on the open market that do not currently have a Dividend Reinvestment or Direct Stock Purchase Plan. Continental can provide shareholders the convenience to sell their physical stock certificates and/or DRS book position without having to transfer their shares to a stock broker. Sale requests will be processed in batches on a weekly basis and executed at the market price of the stock on the sale date. Checks will be mailed to the address of record after the trade settles. The sale transaction fee and broker commission are paid by the shareholder and there is no cost to the issuer for offering the Plan to their shareholders.
Since implementing the plan in the beginning of June 2022, Continental has created sales plans for seventeen publicly traded companies. We continue to explore additional opportunities to add to this list and expect to have significantly more companies enrolled in the future. The criteria for enrollment is fairly simple, you must be a publicly traded entity that is actively traded on one of the major exchanges. For more information about our Share Sale Plan Program and to see if your company’s stock is a right fit for our sale plan program, contact your Account Manager.