DWAC Transfers
DWAC Withdrawal Instructions (for shareholders)
Shareholders can withdraw their stock from their brokerage accounts and request a physical stock certificate by either having the broker initiate the request through DTC or by having their broker send the shares electronically to the transfer agent through the DWAC system.
To withdraw a physical stock certificate from your "street name" brokerage account via DWAC, you will need to do the following:
- Have your broker complete and send in the DWAC Withdrawal Request Form to Colonial Stock Transfer. This form can be obtained by emailing transfers@colonialstock.com.
- Once we receive this form and the applicable fees from the broker, we will process the DWAC and issue a registered physical certificate.
DWAC Deposit Instructions (for shareholders)
Shareholders can deposit their stock into a brokerage account by either sending their physical stock certificate to their broker or by having the transfer agent send the shares directly to the broker through the DWAC system.
To deposit your shares to your broker via DWAC, you will need to do the following:
- Notify your broker that you would like shares sent to them via DWAC from Colonial Stock Transfer.
- Prepare the following items for submission to Colonial Stock Transfer:
a. Original Stock Certificate
b. DWAC Transmittal Form with Medallion Signature Guarantee. This form can be obtained by emailing transfers@colonialstock.com.
c. Payment of applicable fees.
Please note: Shareholders may not DWAC shares into another person’s brokerage account. If you would like to transfer to another individual, you must first perform a separate transfer to that individual and then that individual must DWAC the shares into their own brokerage account.
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