SARASOTA, Fla., April 29, 2024 (GLOBE NEWSWIRE) -- Trump Media & Technology Group Corp. (NASDAQ: DJT) ("TMTG" or the "Company") is highlighting actions DJT shareholders can take to prevent the lending of their shares by brokerage firms for the purpose of short selling.
The Company's shareholder base primarily consists of retail investors who hold their shares through various brokerage firms. Many of these retail shareholders invested in DJT because they support TMTG's mission to create a free-speech beachhead against Big Tech censorship.
TMTG wants to clarify that if shares are currently on loan by brokerage firms to facilitate short selling, shareholders have the option of asking their broker to recall their shares.
After recalling their shares, long-term shareholders who believe in the Company's future can then hold their DJT shares in a cash account, opt out of any securities lending programs, or move their shares to a Direct Registration ("DRS") account at the Company's transfer agent, Odyssey Transfer & Trust Company.
Form of Letter to Broker
If investors decide to instruct their broker not to make their shares available for lending, the following is a sample of the language they can use in their email or letter to the Branch Manager of their brokerage account:
[Broker Name]
[Broker Address]
Attn: Branch Manager
My Account [Account Number]
Dear Sir or Madam:
Please accept this written instruction to make sure that the following securities are held in my cash account only and accordingly are not available for any stock loan activities. I hereby expressly opt-out of any securities lending programs and instruct you to not loan out any of my shares. Additionally, as applicable, please recall any shares that are currently on loan.
Securities:
[Number] shares of Trump Media & Technology Group Corp. (DJT) and any DJT shares subsequently acquired.
Please confirm receipt and compliance with this request.
Additional Information Regarding Moving Shares Out of Brokerage Accounts
Please note that investors may incur certain costs in connection with transferring shares out of a brokerage account and, once their shares are moved to our transfer agent, their ability to timely transfer their shares back to a brokerage firm and sell may be a longer process. Holding shares in physical certificate form involves risk of loss or destruction where a bond of indemnity is required to replace the certificate(s).
Not Investment Advice
The information in this release does not constitute or purport to be investment advice. The Company encourages investors to speak with their financial advisor about any transactions and strategies such as using cash accounts to hold their securities instead of margin accounts and the lack of liquidity resulting from or costs of transferring and holding their shares at our transfer agent to ensure they are appropriate for the investors' individual circumstances.
About TMTG
The mission of TMTG is to end Big Tech's assault on free speech by opening up the Internet and giving people their voices back. TMTG operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations.
Investor Relations Contact:
Shannon Devine (MZ Group | Managing Director - MZ North America)
Email: shannon.devine@mzgroup.us
Media Contact:
press@tmtgcorp.com
