What's the difference between Issuer and broker sponsored shares?

Genevieve Wood -

Issuer sponsored shares are issued directly from the company and are maintained by a share registry. They are identified by a Securities Reference Number (SRN) that typically starts with an “I” e.g. I00076272.

Broker sponsored shares are issued to you via CHESS and sponsored by a stockbroker. They are identified by one single Holder Identification Number (HIN) that starts with an “X” e.g. X000987626.

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