Affinor Growers Announces Dtc Approval – Yahoo Finance

DTC is the largest securities depository in the world and holds over thirty-five trillion dollars worth of securities on deposit. “The ability to have AFI shares traded electronically in the US is more convenient and lowers the costs incurred in trading shares,” said Nick Brusatore, Executive Chairman of Affinor Growers. “With our shares now trading electronically, investors can instantly benefit from greater liquidity and faster execution speeds. We are excited that new investors that may have been restricted from our stock, can now participate.” Benefits to Affinor Growers shareholders as a result of becoming DTC approved include reducing the time for stock deposits and withdrawals into brokerage accounts while eliminating the inherent risks associated with the loss and replacement of physical stock certificates. Another side benefit is companies that are approved for DTC electronic transfers often experience higher trading volumes in their stock given the additional accessibility and availability of shares for trading. Most large U.S. broker-dealers and banks are DTC participants.
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