How Issuers Can Use DTC's Legal Notice System (LENS) to Disseminate Cost Basis Information
LENS provides a means for issuers to report information on various organizational actions that affects cost basis of securities such as corporate reorganizations, effects of cash/stock dividend distributions based on earnings and profits, and conversion rate adjustments on a convertible instrument that may result in distribution under section 305(c). LENS offers a central location for such notices - a huge benefit to Participants who need them to prepare 1099s for their clients, and a way for issuers to reach a wide audience quickly and efficiently, free of charge.
To post a cost basis informational notice to LENS free of charge, go to https://issueragentservices.dtcc.com.
For step by step instructions, see the following user guide:
For additional support, please email [email protected].
Note: Users must log into LENS to view notices. Please be advised that all notices posted to LENS are made available to all registered users, irrespective of whether the user holds or has ever held the security referenced. Please review all notices before submitting them to DTCC to ensure they are appropriate for LENS.