Follow the steps below to deliver securities to the New York State Comptroller’s Office of Unclaimed Funds (OUF), using one of the approved delivery methods.
Obtain Advance Authorization
Advance authorization must be obtained prior to delivering securities. Within 10 business days prior to delivering securities, email your intent to deliver to [email protected] and [email protected] and attach an Excel document containing:
○ Security description (issue name)
○ CUSIP number
○ ISIN (only for foreign transactions)
○ Number of shares
○ Delivering party’s Automated Customer Account Transfer Services (ACATS) four-digit number
OUF and/or Kelmar Associates will reply to your email with authorization to deliver securities including the appropriate account and approved delivery method for each security requested to be delivered.
Deliver Stock, Mutual Funds (Open-End and Closed-End), and Dividend Reinvestment Plans (DRP) via ACATS
When possible, all securities, including foreign issues, should be delivered via ACATS to:
Wells Fargo Clearing Services, LLC
ACATS Participant #0141
Reference: State of New York, OUF
Account # 6060-9420 (also use if an "omnibus account" is provided as a fund account)
If securities cannot be delivered via ACATS, alternate electronic methods such as DTC Free Delivery, DRS or DWAC may be authorized by OUF and/or Kelmar. Email [email protected] and [email protected] to obtain a fund account number for mutual fund shares unable to be transferred via ACATS.
For dividend reinvestment accounts, close the account and deliver whole shares. Fractional shares must be liquidated at the owner level, the proceeds applied to each individual owner and included in your report of abandoned property as cash for fractional shares for each individual owner using NAUPA code SC09 (TR02 if reporting as a paying agent). Do not total fractions for all owners prior to sale.
Any reversal of deliveries must be approved in writing by OUF in advance.
Physical Certificates (with advanced authorization)
Physical certificates will be returned to the sender if they are ACATS, DTC, DWAC, or DRS eligible and if advance authorization was not obtained. Email your list of securities proposed to be delivered in certificate form to [email protected] and [email protected]. We’ll reply to your email with an authorization to deliver as requested or provide alternate instructions. If authorization to deliver a physical certificate is provided, all certificates must be sent via certified mail.
No Value, Nontransferable, and/or Restricted Securities
Do not deliver securities that have been deemed to have no value, nontransferable and/or restricted. Upon receiving written authorization, securities should be reported and maintained in the organization’s house account. Review accounts annually to determine if any positions have become transferable and should no longer remain in the account. Contact [email protected] for instructions to deliver securities that have become active after the normal reporting period.
Contact Information
Send all questions pertaining to securities registration and instructions to [email protected] and [email protected].
Failure to follow OUF’s security delivery instructions, provide all required information, or allow sufficient time for shares to settle in OUF’s authorized account, could delay the receipt of the full remittance needed to complete a report of unclaimed funds. This may result in penalties and/or interest under §1412 of the Abandoned Property Law.