Trump Media Provides Additional Information to DJT Investors Regarding Recalling Shares
April 29 2024 - 6:00AM
Trump Media & Technology Group Corp. (NASDAQ: DJT)
(“
TMTG” or the “
Company”) is
highlighting actions DJT shareholders can take to prevent the
lending of their shares by brokerage firms for the purpose of short
selling.
The Company’s shareholder base primarily consists of retail
investors who hold their shares through various brokerage firms.
Many of these retail shareholders invested in DJT because they
support TMTG’s mission to create a free-speech beachhead against
Big Tech censorship.
TMTG wants to clarify that if shares are currently on loan by
brokerage firms to facilitate short selling, shareholders have the
option of asking their broker to recall their shares.
After recalling their shares, long-term shareholders who believe
in the Company’s future can then hold their DJT shares in a cash
account, opt out of any securities lending programs, or move their
shares to a Direct Registration (“DRS”) account at the Company’s
transfer agent, Odyssey Transfer & Trust Company.
Form of Letter to Broker
If investors decide to instruct their broker not to make their
shares available for lending, the following is a sample of the
language they can use in their email or letter to the Branch
Manager of their brokerage account:
[Broker Name]
[Broker Address]
Attn: Branch Manager
My Account [Account Number]
Dear Sir or Madam:
Please accept this written instruction to make sure that the
following securities are held in my cash account only and
accordingly are not available for any stock loan activities. I
hereby expressly opt-out of any securities lending programs and
instruct you to not loan out any of my shares.
Additionally, as applicable, please recall any shares that are
currently on loan.
Securities:
[Number] shares of Trump Media & Technology Group Corp.
(DJT) and any DJT shares subsequently acquired.
Please confirm receipt and compliance with this
request.
Additional Information Regarding Moving Shares Out of
Brokerage Accounts
Please note that investors may incur certain costs in connection
with transferring shares out of a brokerage account and, once their
shares are moved to our transfer agent, their ability to timely
transfer their shares back to a brokerage firm and sell may be a
longer process. Holding shares in physical certificate form
involves risk of loss or destruction where a bond of indemnity is
required to replace the certificate(s).
Not Investment Advice
The information in this release does not constitute or purport
to be investment advice. The Company encourages investors to speak
with their financial advisor about any transactions and strategies
such as using cash accounts to hold their securities instead of
margin accounts and the lack of liquidity resulting from or costs
of transferring and holding their shares at our transfer agent to
ensure they are appropriate for the investors’ individual
circumstances.
About TMTG
The mission of TMTG is to end Big Tech’s assault on free speech by
opening up the Internet and giving people their voices back. TMTG
operates Truth Social, a social media platform established as a
safe harbor for free expression amid increasingly harsh censorship
by Big Tech corporations.
Investor Relations Contact:
Shannon Devine (MZ Group | Managing Director - MZ North
America)
Email: shannon.devine@mzgroup.us
Media Contact:
press@tmtgcorp.com
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