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Old 10-09-2013, 12:18 AM   #1
Rumors Rocks
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Exclamation Disney Stops Issuing Stock Certificates in Blow to Fans

Disney Stops Issuing Stock Certificates in Blow to Fans

http://www.bloomberg.com/news/2013-1...w-to-fans.html



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Walt Disney Co. will stop issuing stock certificates on Oct. 16, delivering shares only in electronic form in a blow to would-be collectors of the documents featuring drawings of Bambi and Mickey Mouse.

When investors transfer shares, they will be reissued without certificates, Disney said today in a regulatory filing. That will shrink the supply for websites pitching the items as a way to interest children in investing.

Collectors have made Disney certificates the most popular at GiveAShare.com, a Gilbert, Arizona-based company that provides the documents in a frame for a fee. While many companies have eliminated paper shares, Disney’s have stayed top sellers, said Bob Kerstein, founder of Scripophily.com, a website for collectors.

“It’s such a PR tool for them,” Kerstein said. “Disney was the major holdout. I’m pretty surprised. Everybody’s in cost-cutting mode.”

Disney’s stock certificates feature founder Walt Disney surrounded by Dumbo, Donald Duck and other characters, according to the website Oneshare.com, which also offers framed shares for a fee.

“Like hundreds of other companies, Disney will no longer be issuing paper stock certificates in an effort to create a more secure and efficient system,” the company said in a statement. Collectors may request non-negotiable “certificates of acquisition,” Disney said.

“It’s not the same as a stock certificate, but it’s nice that Disney is recognizing fans want something,” Kerstein said.

Collector’s Items

Certificates dating back to the company’s initial public stock offering and hand-signed by Disney can fetch more than $25,000, Kerstein said. Companies have been doing away with them for years because of the expense, he said.

GiveAShare’s favorites list includes Disney, Harley-Davidson Inc. (HOG) and Facebook Inc. (FB) Because Facebook issues its stock electronically, GiveAShare provides a personalized replica, according to the site.

Disney’s change is likely to spark a last-minute rush among collectors and higher prices for existing certificates, according to Rick Roman, a co-founder of GiveAShare.

“Since we started, Disney has been the most popular,” Roman said in an interview. “It appeals to kids, they have one of the best-looking certificates and there’s some fanatical adults that want them as well. That ends up being a good way to teach kids about stocks.”

Disney, based in Burbank, California, fell 0.9 percent to $64 at the close in New York. The stock has gained 29 percent this year.
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Old 10-09-2013, 11:06 AM   #2
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I'm glad we have ours already.
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Old 10-09-2013, 11:32 AM   #3
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Need to get ours hung. Bummer we cannot get any more.
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Old 10-09-2013, 12:21 PM   #4
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Bummer. I always get this for baptism gifts.
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Old 10-09-2013, 12:39 PM   #5
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How can I turn some of my shares into Certificate form before this?!? Any suggestions? I logged onto the new broadridge site and cate find any place or form to get book shares turned into certificates!
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Old 10-09-2013, 02:16 PM   #6
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One share.com. You can buy 1 share, in pristine condition, not folded or creased. Frames are great also.
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Old 10-09-2013, 03:10 PM   #7
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Originally Posted by KGK View Post
One share.com. You can buy 1 share, in pristine condition, not folded or creased. Frames are great also.
They only offer replicas now:
"Disney will no longer issue stock certificates. Your registration will be held electronically and OneShare will issue a Disney replica certificate in lieu."
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Old 10-09-2013, 03:37 PM   #8
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This makes no sense. At the Investor pavilion at the D23 Expo this year they were handing out surveys that asked what people would like to see on the next stock certificate that will be issued.

Oh well, I have mine.... I guess I'll hold on to it!
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Old 10-09-2013, 04:37 PM   #9
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Originally Posted by CalvaryMike View Post
They only offer replicas now:
"Disney will no longer issue stock certificates. Your registration will be held electronically and OneShare will issue a Disney replica certificate in lieu."
You have 7 days
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Old 10-09-2013, 05:26 PM   #10
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You have 7 days
How?? I already have stock in Disney but it's all book entries. How can I get some certificates from that?
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Old 10-09-2013, 08:18 PM   #11
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OneShare

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Originally Posted by OldsDr View Post
You have 7 days


OneShare told me it was impossible due to they take around 3 weeks to issue one....I bought it YESTERDAY, one day before the news!
Disney should at least give a month before dropping a bomb like this! :'(
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Old 10-09-2013, 08:44 PM   #12
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Quote:
Originally Posted by HippieChickadee View Post
How can I turn some of my shares into Certificate form before this?!? Any suggestions? I logged onto the new broadridge site and cate find any place or form to get book shares turned into certificates!
Quote:
Originally Posted by HippieChickadee View Post
How?? I already have stock in Disney but it's all book entries. How can I get some certificates from that?



Is it held through a broker (in which case the shares are likely in "street name"), and you'd have to instruct your broker to transfer the shares into your name. Or, do you hold them directly in your name? In which case you should instruct the transfer agent, Broadridge, to have your shares changed to certificate form. The transfer agent is the one who issues the certs.
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Old 10-09-2013, 08:49 PM   #13
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Originally Posted by mcd2745 View Post
Is it held through a broker (in which case the shares are likely in "street name"), and you'd have to instruct your broker to transfer the shares into your name. Or, do you hold them directly in your name? In which case you should instruct the transfer agent, Broadridge, to have your shares changed to certificate form. The transfer agent is the one who issues the certs.
I do the investment plan. I am pretty sure it's completely in my name (not like 401K plan or anything).

On my statements it says how many we have and then how many we have in book form (which is all of them) and how many we have in certificate form (which is none).

So I guess I should call them tomorrow and ask. I was hoping there was some easy/fast form to fill out and get taken care of before time is up
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Old 10-09-2013, 09:03 PM   #14
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Quote:
Originally Posted by HippieChickadee View Post
I do the investment plan. I am pretty sure it's completely in my name (not like 401K plan or anything).

On my statements it says how many we have and then how many we have in book form (which is all of them) and how many we have in certificate form (which is none).

So I guess I should call them tomorrow and ask. I was hoping there was some easy/fast form to fill out and get taken care of before time is up


For the investment plan, you most likely need to contact the plan's administrator - which is probably also Broadridge. Check your statement for contact info for the plan administrator.


ETA:

From recent SEC filing...

Quote:
Change of Agent
The Walt Disney Company appointed Broadridge Corporate Issuer Solutions, Inc., as its new Transfer Agent, Registrar, and Administrator of the Plan (the Agent), effective September 30, 2013. Broadridge Corporate Issuer Solutions, Inc., replaces The Walt Disney Company Shareholder Services as Agent of the Plan. As a result, all references in the Prospectus to Disney Shareholder Services or Administrator are changed to Broadridge Corporate Issuer Solutions, Inc. The Broadridge DTC FAST number is #50054.
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Old 10-09-2013, 09:18 PM   #15
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Quote:
Originally Posted by mcd2745 View Post
For the investment plan, you most likely need to contact the plan's administrator - which is probably also Broadridge. Check your statement for contact info for the plan administrator.


ETA:

From recent SEC filing...
Thank you! I'll update here when I know, if anyone is interested
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