Other Transfer Agent Functions
In addition to serving as DRIP and DSP account administrators for corporations, transfer agents provide other services for corporations that you will want to take advantage of as a stockholder. Let’s review some of those other services.
Proxy and Meeting Services
When you own shares in a company, you get the right to vote on issues related to the operations of that company using what is called a proxy. You use a proxy to vote if you don’t plan to attend the company meeting. You also have the right to attend the corporation’s annual meeting.
Often the transfer agent handles all the needed functions related to proxies and annual meetings, including setting the proxy record date, printing materials, tallying proxies, ...