You can enter CUSIP-level standing instructions for DRIP Opt-Outs.
On the menu bar, hover your mouse over Instructions > Standing Instructions and click Search.
This brings you to the Standing Instructions Search page.
Enter the CUSIP (if known) and select “Dividend Reinvestment” from the EDS Service Type drop-down list.
Then, select the Opt-Out indicator from the Opt-Out drop-down list that appears and click Search.
Select “No” in the Opt-Out dropdown list for securities that are eligible for the DRIP Opt-Out service. By selecting “No,” your search will be limited to CUSIPs that allow you to reinvest any dividends resulting from a corporate action.
Select “Yes” in the Opt-Out dropdown list for securities that are eligible for the DRIP Opt-Out service. By selecting “Yes,” your search will be limited to CUSIPs that allow you to opt out of reinvesting any dividends resulting from a corporate action and receive cash.
Your search results appear.
Click Add next to the CUSIP for which you want to add instructions.
Select the instruction quantity and click Save.
Note:
For the Instruction Quantity, you can select one of two options:
Click All to indicate that you want to take this action with all applicable shares that are held on record date (for this CUSIP with this Opt-Out designation).
Enter a whole number of shares (no fractions) in the Instruction Quantity field. Any shares beyond this amount will take the default election.
A dialog box appears, confirming that you want these instructions applied to all applicable events for this security in the future.
Click OK to confirm the standing instructions.
Click Cancel if you do not want to apply these instructions to all applicable events for this security in the future.
Your new instructions appear in the Search results as editable.
Click View in the Audit column to see an audit trail for these standing instructions.
The Standing Instructions Audit page appears.