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Unclaimed Stocks, Bonds, Dividends & Interest Payments - Missing Mutual Fund Shares

 
The SEC estimates 3 million lost stockholders are entitled to unclaimed stock worth $10 billion. Additionally, $500 million in forgotten stock dividends and bond interest payments are not cashed each year. A wave of corporate mergers, acquisitions, restructurings, share spin-offs, name changes and bankruptcies has dramatically increased the amount of missing stock and unclaimed dividends.

If you're a stockholder in a company that merged or was acquired, you may be entitled to collect spin-off shares, cash distributions or dividends from the restructuring, even if shares were sold long ago. Former owners of AT&T, for example, may be eligible to receive shares in nearly a dozen other companies.

Perhaps the largest source of unclaimed stock over the last several years has resulted from the recent demutualization of major life insurance companies, including Metropolitan Life (MetLife), Prudential, Equitable, MONY, John Hancock and others. Demutualization is the process of converting a mutual life insurance company, which is owned by its policyholders, into a publicly traded stock company owned by shareholders. Literally millions of policyholders and heirs aren't aware they are entitled to claim billions in demutualization payments.

Did a deceased relative invest in mutual funds, stocks or bonds? Were stock certificates lost or destroyed? In most cases they can be replaced. Even if a stock or mutual fund is no longer listed on an exchange, do not assume it's worthless - shares may still have significant value, even if a company filed bankruptcy.

To search for missing mutual funds and unclaimed stock - missing shares, unknown distributions and forgotten dividend payments - order our Special Report: Unclaimed Stock Search


Unclaimed Stock Search
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