Where are my shares of Waddell & Reed Financial, Inc. stock that were held through Computershare at the time of the merger? What happened to my account at Computershare upon completion of the merger?
If you held shares of Waddell & Reed Financial, Inc. stock through Computershare, our transfer agent, at the time of the merger you will receive a check from Computershare for the merger consideration of $25 per share or a letter of transmittal for paper certificates with instructions for submitting your certificate to receive merger consideration. If you have not yet received a check or letter of transmittal, Computershare has confirmed they have been mailed, but there may be delays in postal delivery.
Upon completion of the merger, all Computershare accounts were closed and online access is no longer available. However, the back page of the document that accompanied the check will summarize the details of the shares that received the merger consideration. In March of 2022, you will also receive the necessary tax forms related to your holdings. Please keep Computershare apprised of any address changes to ensure you receive these tax forms timely.
You may contact Computershare directly at 877.498.8861 if you have questions or need to update your address. You will need your account number which is listed on the document that accompanied your check. If you do not have this information, you may answer a series of questions to confirm your identity. Please note that during tax season you may experience longer wait times when calling.
When did Waddell & Reed merge Class A and Class B common stock?
On April 30, 2001, our Class B common stock closed at a price of $30.43 and we combined our Class A and Class B common stock on a one-for-one basis
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Does the company maintain a Dividend Reinvestment Plan?
Waddell & Reed Financial, Inc. maintains a dividend reinvestment plan for all holders of its common stock. Under the plan, stockholders may reinvest all or part of their dividends in additional shares of the same class of common stock they hold. Participation is entirely voluntary. More information on the plan can be obtained by contacting the Investor Relations department at (913) 236-1880 or the Transfer Agent at (877) 498-8861.
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Who should I contact if I have questions regarding Waddell & Reed Financial, Inc.?
For information regarding the company or recent earnings and press releases, please contact our Investor Relations department at 800-532-2757.
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Who should I contact if I am a mutual fund account holder and have questions regarding my account?
For information regarding an Advisors Funds, Ivy Funds or Target Funds account please contact our mutual fund client services division at 888-WADDELL (923-3355).
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When did Waddell & Reed Financial, Inc. begin trading as a public company?
Waddell & Reed Financial, Inc.'s initial public offering of Class A common stock began trading on March 5, 1998. The Class B common stock began trading on November 6, 1998 following the tax-free spin off of Waddell & Reed Financial, Inc. from its former parent company, Torchmark Corporation. Class A and Class B common stock were combined as of the close of business on April 30, 2001.
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What is Waddell & Reed Financial, Inc.'s ticker symbol and what exchange is it traded on?
Waddell & Reed Financial, Inc. Class A common stock is traded under the ticker symbol of WDR on the New York Stock Exchange.
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What was the distribution rate and tax basis allocation of Waddell & Reed Financial, Inc. stock received from the tax-free spin off?
For each share of Torchmark Corporation held on October 23, 1998 the stockholder received .0569 shares of Waddell & Reed Class A common stock and .2449 shares of Class B common stock. The original Torchmark tax basis should be allocated as follows:
Torchmark common stock 86.19%
Waddell & Reed Financial, Inc. common stock
Class A 2.61%
Class B 11.20%
Please consult your tax advisor to determine the tax basis in Torchmark common shares to be allocated.
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Has Waddell & Reed Financial, Inc.’s stock ever split?
Yes, Waddell & Reed Financial, Inc Class A common stock and Class B common stock split 3-for-2 on April 7, 2000.
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Does Waddell & Reed pay a regular cash dividend?
Yes. Waddell & Reed has been paying a quarterly cash dividend since it’s initial public offering in 1998. For a complete history of dividend payment, please visit the “Dividend/Split History” section of our website.
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Who should I contact for maintenance on my Waddell & Reed Financial, Inc. common stock such as address changes, lost certificates, changes in registration, lost dividend checks etc.
For information regarding your specific stock certificates and dividend payments please contact our transfer agent, Computershare at 877-498-8861.
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