Non-Objecting Beneficial Owner

(redirected from Nonobjecting Beneficial Owners)

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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References in periodicals archive ?
Common methods to obtain shareholder ownership information include examining SEC filings, obtaining a list of the registered shareholders or nonobjecting beneficial owners, and even making phone calls.
request from each nominee other than DTC either an undertaking to retransmit the notice to all persons for which it serves as nominee, including nonobjecting beneficial owners,(4) or a similar undertaking with respect to objecting beneficial owners and a list of all nonobjecting beneficial owners;
provide an undertaking of the issuer to pay to the nominees other than DTC the reasonable costs of transmitting the notice to persons for whom the participant acts as nominee, including the nonobjecting beneficial owners if the nominee has notified the registrar that it will mail the notice to nonobjecting beneficial owners in lieu of providing the listing requested by the registrar;
provide a list of nonobjecting beneficial owners to the issuer or registrar and retransmit the furnished notices to the objecting beneficial owners, or
4 Nonobjecting beneficial owners (NOBOs) are those persons for whom the DTC participant acts as nominee who have not objected to the disclosure of their names and security positions.