Securities Liquidation and Custody Services of Unclaimed Property

2026-11-03

• Receipt of securities titled in the name of the State of Vermont in certificate form and via DTC . • Receipt of all mutual funds in the name of the State of Vermont in any format . • Necessary actions to achieve or confirm status of fully deliverable / negotiable shares , bonds , units , etc ., through transmittal of certificates to transfer agents . • Deposit negotiable shares into a custody account maintained by the firm for benefit of the State . • Sell securities as instructed by representatives of the State in terms of “ best execution available .” • Record - keeping of securities , deposit dates , trade dates , and settlement dates . • Record - keeping of sales proceeds ; gross and net of commissions . • Confirmation of commission levels as consistent with contractual terms . • Record - keeping of changes in addition to commissions , if any such additional changes occur . • Monthly sale activity and account balance statements . • A triple - A - rated money market investment vehicle in which to invest settled funds pending transfer to the State . • Upon request , wiring of settled funds to the State . • Transfer securities and mutual funds to owners upon request from the State of Vermont .

Vermont

2026-04-28