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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 instruments that may result in distribution under section 305(c), as stipulated by legislation effective January 1, 2011. 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, email the notice in PDF format, to In order to ensure that notices are posted with the most accurate data possible, please include the following information:

  • Notice Category: Legal & Subcategory: Form-8937
  • CUSIP(s) as a six digit family
  • A description (entered into the Subject line of the email)