Non-Objecting Beneficial Owner

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NOBO (Non-Objecting Beneficial Owner)

A beneficial ("street") security holder who has not objected to his or her name being released to the Corporation, if the Corporation so requests.

Non-Objecting Beneficial Owner

A beneficial owner who has given his/her brokerage or bank permission to release his/her name and address to the publicly-traded companies in which the beneficial owner has stock. A beneficial owner is the effective owner of a security or asset, even though the security is actually held by the brokerage or bank. Registering oneself as a NOBO enables the company to contact the beneficial owner about the general meeting and give him/her other information.
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Based on a list of non-objecting beneficial owners, SunLink estimates that it has approximately 134 additional odd lot holders.
The NOBO list is a non-objecting beneficial owners list that offers the names and share positions of the clients of banks and brokers who hold their positions in street name.
To this end, RushNet has initiated a share audit that includes DTC position reports, Non-Objecting Beneficial Owners list (NOBO) and transfer agent records.

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