Friday, July 21, 2006

Send in those stock certificates

I am sending in my newspaper stock certificates by insured, registered mail and have kept copies of the certificates. No need to worry because you do not have certificates for stock held by ChaseMellon Stock Services for which no paper certificates were issued to you. McClatchy stock plus a check already is being processed for that portion of your stock held by ChaseMellon. Mellon will exchange each share of your KR stock for $40 in cash and .5118 share of McClatchy stock. Mellon will send you a check for the cash in seven to 10 business days after receiving your certificates, I am told.

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