WINSTON-SALEM, N.C.,
Jan. 9, 2017 /PRNewswire/
-- BB&T Corporation (NYSE: BBT) will offer an odd-lot
program to provide its shareholders with an alternate way to either
round their holdings up to 100 shares or sell all their shares.
Odd-lot programs are offered by public companies periodically to
reduce administrative costs and offer a service to the investing
community. BB&T's program will be administered by Georgeson, a
Computershare, Inc. company. Computershare Trust Company, N.A., is
the transfer agent for BB&T Corporation and will serve as
paying agent for the program.
BB&T will not buy or sell any shares or otherwise
participate in the program. The program is separate from the Direct
Stock Purchase and Dividend Reinvestment Plan.
The program is voluntary and intended to help owners holding
fewer than 100 shares who may have been deterred from selling or
buying BB&T Corporation shares due to inconvenience.
Shareholders participating in the program will be assessed a
processing fee of $1.25 per share
purchased or sold, with a maximum fee of $45 per account. For shareholders who have lost
or misplaced stock certificates and wish to participate, an
additional fee to cover the required indemnity bond will be
required.
Eligible registered shareholders will be informed by mail of the
program starting Jan. 09, 2017 and
continuing through Feb. 10, 2017.
Shares held in the company's associate benefit plans are excluded
from this program.
BB&T Corporation shareholders can call Georgeson at
855-553-1152 for additional information.
About BB&T
BB&T is one of the largest
financial services holding companies in the U.S. with approximately
$222.6 billion in assets and market
capitalization of approximately $30.6
billion, as of Sept. 30, 2016.
Based in Winston-Salem, N.C., the
company operates 2,220 financial centers in 15 states and
Washington, D.C., and offers a
full range of consumer and commercial banking, securities
brokerage, asset management, mortgage and insurance products and
services. A Fortune 500 company, BB&T is recognized
consistently for outstanding client satisfaction by the U.S. Small
Business Administration, Greenwich Associates, and others. BB&T
also has been named one of the World's Strongest Banks by Bloomberg
Markets Magazine, one of the top three in the U.S. and in the top
15 globally. More information about BB&T and its full line of
products and services is available at BBT.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/bbt-announces-shareholder-odd-lot-program-300387811.html
SOURCE BB&T Corporation