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Subject:  Re: Taking possession of stocks Date:  11/16/2000  9:20 AM
Author:  jedenison Number:  26167 of 88077

All of the discount brokers charge a fee to send you the certificates. From the research I hav done on this the fee ranges from 15 to 40 dollars. The other disadvantage of holding the shares directly is that if you lose them you will need to pay to have the certificates reissued. Lucent and ATT charge 2% of the value of the shares to be replaced.

The only advantage I can see is if you want to particiapate in a DRIP and use the optional payments then you can buy more stock without commissions. Also if your broker has inactivity fees and you are a long term buy and hold holding the certificates may also make sense.
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