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.
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
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SOURCE BB&T Corporation