Georgeson

Georgeson

April 12, 2010 11:05 ET

New Georgeson Canada Service Targets Shareholder Voter Turnout-The TeleVote Process Can Increase Retail Shareholder Responses, in Some Cases Up to 60 Percent-

TORONTO, ONTARIO--(Marketwire - April 12, 2010) - Georgeson Canada has launched a new service to help issuers contact shareholders and immediately gather their votes, all with one phone call. Aimed at improving the response rate of retail shareholders in the corporate voting process, the TeleVote1 process quickly and efficiently contacts shareholders and immediately takes their voting instructions over the phone.

This proactive service eliminates the need for re-mailings, reminder calls, and other proxy solicitation communications, which can increase expenses for issuers and overwhelm shareholders.

"Based on our experience in the US, we have found that the TeleVote process can increase the retail voting response rate, in some cases up to 60 percent. Quite a jump from the traditional response rates generated from other solicitation means," says Roy Shanks, President, Georgeson Canada. "The real value in the TeleVote process is in the simplicity it creates for shareholders. There are no forms to fill out, papers to mail in, they simply answer the phone and vote."

As opposed to telephone or internet voting, which requires the shareholder to initiate the process, the TeleVote process proactively contacts the shareholder and gives them the opportunity to vote immediately, an "instant vote." That is great news for issuers when considering the critical role the retail investor votes play in the approval of board initiatives.

"For many companies, a large percentage of their shareholder base is in retail or individual investor hands. Our experience indicates that without additional prompting after a mailing, the response rate for retail shareholders is very low, approximately 5 to 10 per cent," noted Mr. Shanks.

About Georgeson

Georgeson Inc. is the world's leading provider of strategic proxy and corporate governance advisory services to corporations and shareholder groups working to influence corporate strategy. For over half a century, Georgeson has specialized in complex solicitations such as hostile and friendly acquisitions, proxy contests and take over defenses. In 2008, Georgeson was the No. 1 proxy solicitor for the M&A transactions worldwide. The firm also provides issuers with expertise in the corporate events solutions such as post-merger unexchanged holder programs and information agent services.

1™Trademark of Georgeson Shareholder Communications Canada Inc.

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