How do I transfer 1 share to someone

[Martin L]

Hello,

I was able to aquire shares years ago from the share exchange board. However, now I want to proceed by doing the same for someone else. I'm not 100% sure how I do that. I've searched a little trying to figure it out without any luck. Perhaps someone can direct me.

Thanks again,

Martin

[T S]

First you to have either a certificated share or a share in DRS.  If all your shares are in the dividend reinvestment plan itself you will have to transfer at least 1 plan share to DRS or certificate.  You can do this on Computershare or AST's  online sign in/website or you can do it the old fashioned way and mail in the back of an account statement requsting them to transfer at least 1 plan share to DRS or certificate.  Once you have a DRS statement or certificate you need to complete a Securities Transfer Form and take that form to a chartered bank to get your signature guaranteed.  

https://ca.astfinancial.com/InvestorServices/Transfers?lang=en

https://cda.computershare.com/Content/ac42db67-0e03-4c36-bd7b-419abe965296

https://cda.computershare.com/Content/12639069-fe66-49e0-a8c0-e00bdbeccf9b

In some cases such as transferring a share of Bank of Nova Scotia for example you may also have to complete the declaration of ownership form (third file link above).  In any case once you have the Securities Transfer Form completed and someone at a bank has signed it and stamped it with either Medallion stamp or signature guarantee stamp you mail the form in with the Declaration of Ownership form (if you see it on the transfer agent website- it is not required for all companies) to Computershare or AST Trust.  They then remove 1 share from your DRS account and add that share to the DRS account of the new accountholder.  If something is lacking in your submission they will mail you back what they need to proceed with the transfer.

[T S]

Looks like purchaser or transferee is the one that has to sign the Declaration of Ownership form.

[T S]

Then once the new account holder gets his/her DRS statement or certificate he or she has to complete enrollment forms to enter into the dividend reinvestment and optional cash purchase plan.  To best of my knowledge if it is Computershare they are all DRS statements now.  AST has some companies where they issue DRS statements, but several others they still only deal in share certificates.  There are also a few where they give you a choice whether you want DRS or a share certificate.