BNY Mellon Shareowner Services Appointed Transfer Agent for Developers Diversified Realty Corporation
December 17 2009 - 7:16AM
PR Newswire (US)
JERSEY CITY, N.J., Dec. 17 /PRNewswire-FirstCall/ -- BNY Mellon
Shareowner Services, the equity administration business of BNY
Mellon, has been appointed transfer agent for Developers
Diversified Realty Corporation (NYSE:DDR), a U.S.-based real estate
investment trust (REIT). As transfer agent, BNY Mellon will provide
a variety of services for DDR and its registered shareowners,
including core stock transfer, dividend reinvestment plan
management and shareowner meeting services. "Our appointment
reflects DDR's trust that we will deliver an exceptional experience
for them and their shareowners," said Kevin Brennan, managing
director and head of sales and marketing for Shareowner Services.
"We're committed to returning that trust, building a consultative
and mutually beneficial relationship that takes full advantage of
our expertise and integrated solutions." Developers Diversified
owns and manages approximately 665 retail operating and development
properties in 44 states, Brazil, Canada and Puerto Rico. Totaling
more than 147 million square feet, the Company's shopping center
portfolio features open-air, value-oriented neighborhood and
community centers, mixed-use centers and lifestyle centers located
in prime markets with stable populations and high-growth potential.
Developers Diversified is the largest landlord in Puerto Rico and
owns a premier portfolio of regional malls in and around Sao Paulo,
Brazil. Developers Diversified is a self-administered and
self-managed REIT operating as a fully integrated real estate
company. Additional information about the Company is available on
the Internet at http://www.ddr.com/. Among the largest providers of
stock transfer services in the U.S., BNY Mellon Shareowner Services
offers a comprehensive suite of products and services ranging from
corporate action record keeping to demutualizations, dividend
reinvestment, proxy solicitation and employee stock plan
administration. BNY Mellon Shareowner Services is part of BNY
Mellon's Issuer Services group, which is also a leading provider of
corporate trust services, serving more than $11 trillion in
outstanding debt, and is the market leader in depositary receipts
with more than 1,270 sponsored programs. More information about
Shareowner Services is available at
http://www.bnymellon.com/shareowner. BNY Mellon is the corporate
brand of The Bank of New York Mellon Corporation (NYSE:BK). BNY
Mellon is a global financial services company focused on helping
clients manage and service their financial assets, operating in 34
countries and serving more than 100 markets. BNY Mellon is a
leading provider of financial services for institutions,
corporations and high-net-worth individuals, providing superior
asset management and wealth management, asset servicing, issuer
services, clearing services and treasury services through a
worldwide client-focused team. It has $22.1 trillion in assets
under custody and administration and $966 billion in assets under
management, services $11.9 trillion in outstanding debt and
processes global payments averaging $1.6 trillion per day.
Additional information is available at http://www.bnymellon.com/.
DATASOURCE: BNY Mellon CONTACT: Ron Sommer, +1-412-236-0082, Web
Site: http://www.bnymellon.com/
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