Sylvamo (NYSE: SLVM), the world’s paper company, is offering small shareowners a convenient way to own at least 100 shares or sell their holdings.
Voluntary sale and purchase programs – often called “odd lot” programs – are periodically offered by public companies to help small shareowners and reduce administrative costs.
Shareowners who participate will be assessed a $3.50 processing fee per share purchased or sold, with a maximum fee of $60 per account. Beginning Monday, Aug. 21, 2023, eligible registered shareowners are being informed by mail and will be able to participate through Friday, Sept. 22, 2023, subject to early termination or extension of the program.
Those who prefer not to participate, but want to sell or purchase Sylvamo shares, may do so through any broker, whose fees may differ.
Sylvamo’s program is being administered by Georgeson, a Computershare company. Computershare, which is Sylvamo’s transfer agent, will serve as paying agent for the program. Sylvamo will not buy or sell any of the shares or otherwise participate in the program.