← Retail Investors
DEATH
Death of a joint tenant and tenants in entirety (into an individual account):
→ Qualified transfer
→ Non-Qualified Transfer
The below items may be required in order to process the transfer:
- Original certified death certificate
- W-9 of new ID# (if it is changing)
- Medallion Signature Guarantee required
Death of an individual, community property, and tenants in common:
→ Qualified transfer
→ Non-Qualified Transfer
The below items may be required in order to process the transfer:
- Copy of death certificate
- Original certified Letters Testamentary
- W-9 of new ID# (if it is changing)
- Medallion Signature Guarantee required
Death of a trustee:
→ Qualified transfer
→ Non-Qualified Transfer
The below items may be required in order to process the transfer:
- Original certified death certificate
- Portion of the trust stating that upon the death of one co-trustee the other can act alone or becomes sole trustee (title and signature pages as well)
- W-9 if taxpayer identification number is changing (i.e. husband is deceased and identification number is to be changed to the wife’s)
- Medallion Signature Guarantee required
When (1) a sole trustee dies, (2) remaining co-trustee wants to change the registration completely or (3) adding a substitute co-trustee:
→ Qualified transfer
→ Non-Qualified Transfer
The below items may be required in order to process the transfer:
- Original certified death certificate
- Successor trustee provision (title and signature pages as well
- Medallion Signature Guarantee required
SALE
Sale through a secondary Market:
→ Qualified transfer
→ Non-Qualified Transfer
The below items may be required in order to process the transfer:
- Power of Attorney documents (this form gives the secondary market the authority to sign our documentation on behalf of the investor). Investors signatures must be Medallion signature guaranteed.
- Corporate Resolution
- Department of Corporations (DOC) approval if necessary (see DOC instructions).
- Medallion Signature Guarantee required
Sale directly between two parties:
→ Qualified transfer
→ Non-Qualified Transfer
The below items may be required in order to process the transfer:
- Department of Corporations (DOC) approval if necessary (see DOC instructions).
- Medallion Signature Guarantee required
GIFT
When there is no money, or other consideration, exchanged between two parties:
DIVORCE
When a divorce decree is received and the account is being transferred from joint name to individual name:
→ Qualified transfer
→ Non-Qualified Transfer
The below items may be required in order to process the transfer:
- Divorce decree – original certified court order that must clearly specify the ATEL units being transferred and the transferee name
- W-9 if taxpayer identification number is changing
- Medallion Signature Guarantee required
Request for a transfer due to divorce without a decree:
→ Qualified transfer
→ Non-Qualified Transfer
The below items may be required in order to process the transfer:
- Medallion Signature Guarantee required
TRUST
Transfer from an individual (or various other registration types) into a trust:
CUSTODIAL
Transfer between custodians keeping the registration type the same (i.e. IRA, pension or profit sharing plan):
- Medallion Signature Guarantee required
- Change of ownership type within the same custodian just needs to be requested by the custodian by LETTER OF INSTRUCTION with the appropriate signatures.
HOW TO INITIATE TRANSFER / RE-REGISTRATION REQUESTS
Please note that ATEL’s transfer agent, Conduent, processes all transfer/re-registration requests. Conduent charges industry standard fees for this service depending on the type of transfer/re-registration.
To initiate a transfer/re-registration, complete the appropriate form(s) along with other required items listed above and mail the form(s) to Conduent.
Once Conduent receives the form(s) and the appropriate transfer fee according to the type of transfer/re-registration they will process in full.
All distribution instructions for the new registration are required to be provided in order to complete the process requested.
Any required documents missing or information not provided could result in a delay in the process.
Custodian Changes
Transfers involving a change in custodian, usually a qualified plan custodian (ie: Merrill Lynch Custodian FBO Dean Cash IRA to Prudential Securities Custodian FBO Dean Cash IRA).
Charge to transferring investor: $10.00.
Re-Registrations
Transfers involving a re-registration of units from one type of account to another type utilizing the same tax ID number (ie: Individual to Joint account) and TOD. Excludes transfers to trust accounts.
Charge to transferring investor: $50.00.
Resales
Transfers involving a sale of units from one registration to a new registration (Includes price per unit paid to seller).
Charge to transferring investor: $50.00.
Transfers by Rule of Law
Transfers involving legal documents such as death, divorce, dissolving pension plan or profit sharing plan and bankruptcy.
Charge to transferring investor: $50.00.
Other Transfers
Transfer involving name changes, transfer to trust, gifts, re-registrations to a new tax ID number.
Charge to transferring investor: $50.00.
MEDALLION® Signature Guarantee
Each signature must be guaranteed by a member of an approved MEDALLION® Signature Guarantee Program; required on all transferor and transferee applications.
Mail Transfer Requests to:
ATEL Investor Services
c/o Conduent Securities Services
1702 N. Collins Blvd
Richardson, Texas 75080
Get in Touch
For support from the Investor Services team.