Disney Stops Issuing Stock Certificates in Collector Blow
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Walt Disney Co. plans to stop issuing stock certificates, delivering shares only in electronic form in a blow to would-be collectors of the documents featuring drawings of Bambi and Mickey Mouse.
When investors transfer shares, paper ones won’t be reissued, Disney said yesterday in a regulatory filing. The changes, which take effect on Oct. 16, will shrink the supply for websites pitching the items as a way to interest children in investing. The company said it will offer non-negotiable certificates as a substitute.