Direct Registration System
We now offer you, our stockholders, a safe and convenient way to hold shares of stock through electronic registration, called the Direct Registration System (DRS). This method of recording stock gives you full ownership of Cal Water stock and enables you to be directly registered on the books of our transfer agent, Computershare, while eliminating the need for you to keep track of physical stock certificates. Stock held through DRS has the same rights and privileges of stock held in certificate form.
Benefits of DRS
DRS is quickly becoming the standard in stock ownership because it:
- Protects you against loss or damage of physical certificates.
- Eliminates time, risk, and expense associated with storing and replacing lost or stolen certificates.
- Allows electronic stock transactions between your broker or dealer and Computershare.
- Is a free service.
How DRS Works
You will receive a DRS book-entry statement that reflects the amount of stock registered in your name. A statement is issued each time there is activity in your account.
As a stockholder through DRS, you have the same options for your dividends as stockholders with physical certificates. You may receive dividends via direct deposit or check, and you may choose to participate in our Dividend Reinvestment and Stock Purchase Plan.
Depositing Certificates in DRS
If you currently have stock in certificate form and would like to participate in DRS, you can have your existing certificate(s) converted to book-entry stock at any time by sending the certificate(s), along with a letter of instruction, to Computershare at: Computershare, Attn. Shareholder Services, P.O. Box 505000, Louisville, KY 40233-5000. You do not need to endorse the certificate(s). If you mail your certificate, you may wish to consider sending it via a traceable method, such as certified mail or FedEx, as delivery is at your own risk. If you wish to send your certificate(s) via a traceable delivery method, send to Computershare, Attn. Shareholder Services, at 462 South 4th Street, Suite 1600, Louisville, KY, 40202. Computershare will mail a DRS Transaction Advice Form to you about three business days of receipt of your request.
If you hold common stock through a broker and would like it to be held in DRS book-entry form, you must have your broker electronically move your stock to Computershare and request that it be held in DRS book-entry form.
Requesting Physical Certificates
You may request a physical stock certificate for all or a portion of your stock at any time by contacting Computershare at (toll-free) (877) 373-6374 (US, Canada, Puerto Rico) or (781) 575-3100 (non-US), https://www-us.computershare.com/investor/ or sending a letter of instruction to Computershare at the address above. There is no fee to receive a certificate.
Lost DRS Statements
You may request a duplicate statement free of charge at any time by contacting Computershare at (toll-free) (877) 373-6374 (US, Canada, Puerto Rico) or (781) 575-3100 (non-US), https://www-us.computershare.com/investor/, or the above address.
Selling DRS Book-Entry Stock
You may have your stock moved electronically to your bank or broker for sale at any time. Contact your broker and provide your DRS account number, the CUSIP number for Cal Water common stock, and amount of stock to be moved.
You may also sell your stock through Computershare free of charge at any time. Computershare records sales orders on the date of receipt and processes them within the terms of the Dividend Reinvestment and Stock Purchase Plan. Computershare cannot accept instructions to sell stock on a specific day or at a specific price. The price you receive will be the average price of all our stock sold by Computershare for DRS book-entry stockholders on the day your stock is sold. Your sales proceeds will then be mailed to you. For more information or to make a sale through Computershare, contact Computershare at https://www-us.computershare.com/investor/ or by mail at the above address.
If you have any questions about DRS, please contact Michelle Mortensen, Corporate Secretary, at (408) 367-8200 or toll-free (800) 750-8200.