What is the difference between direct ownership and indirect ownership?
Under direct ownership, your shares are “registered” or recorded on the books of Investors Real Estate Trust. You receive all distributions, proxy materials, and other important shareholder communications directly from us. Direct ownership of IRET shares may be in the form of a certificate issued in your name, or may be confirmed by a statement reflecting your book-entry ownership of Distribution Reinvestment and Share Purchase Plan shares or Direct Registration shares. Under indirect ownership, a broker maintains your account. This form of ownership is generally referred to as “street name” ownership. You receive all distributions, proxy materials, and other important shareholder communications from your broker.
Related Questions
- Are corporate officers and directors who hold no direct or indirect ownership interest in the licensee considered "disclosable interest holders" that must be listed on Form 602?
- How are indirect interests calculated for purposes of determining whether the ten percent (10%) ownership threshold is met?
- Would SMEs with head offices in third countries or indirect ownership via third countries be allowed to participate?
