In February, we announced our new medallion signature guarantee stamp alternative for U.S.-based shareholders. This option allows shareholders to process their transfers, below $10,000, without a medallion stamp by providing a copy of a government issued identification and a processing fee .
In the five months since the launch, we have averaged close to 1,000 requests a month for this waiver option. This demand shows that shareholders have a strong desire for this service.
Investors can still use a traditional medallion stamp, but this option is convenient for those not wanting to venture out to secure the stamp or who find obtaining one to be difficult.