Hi Everyone,
I volunteer to take care of the finances for a reasonably-sized local charity (approx $500K income) and received a letter from Manulife Financial UPRR (Unclaimed Property Recovery Reporting) stating that we hold 614 shares and have $160 in uncashed cheques. I don't think it's a hoax, but I've never seen anything like this in the last 10 years that I have been doing this job! Does anyone know what this could be? The charity I represent would never buy stocks, so perhaps stocks were let to us at one point in time by a donor? Would these be Manulife stocks? If so, that's about $12,500 :S
The letter gives three options:
Are there any finance experts out there who can help me figure this out?
Thanks!
I volunteer to take care of the finances for a reasonably-sized local charity (approx $500K income) and received a letter from Manulife Financial UPRR (Unclaimed Property Recovery Reporting) stating that we hold 614 shares and have $160 in uncashed cheques. I don't think it's a hoax, but I've never seen anything like this in the last 10 years that I have been doing this job! Does anyone know what this could be? The charity I represent would never buy stocks, so perhaps stocks were let to us at one point in time by a donor? Would these be Manulife stocks? If so, that's about $12,500 :S
The letter gives three options:
- Send me my uncashed dividend cheques (Less processing fee)
- Issue a replacement Certificate/Ownership Statement for my shares and replace any uncashed dividend cheques (Less processing fee and surety bond premium if certificates are lost)
- Sell all my shares and replace any uncashed dividend cheques (Less processing fee and surety bond premium if certificates are lost)
Are there any finance experts out there who can help me figure this out?
Thanks!