UGE International's shares now DTC eligible UGE International Ltd.'s common shares (including those traded on the OTCQB) are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC) in the United States.
DTC is a subsidiary of the Depository Trust & Clearing Corp., a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered to be DTC eligible. DTC eligibility is expected to simplify the process of trading and enhance liquidity of the company's common shares in the United States.
"By becoming DTC eligible, UGE International's common shares can be transferred electronically between U.S. brokerage firms," said UGE chief executive officer Nick Blitterswyk. "This is important for American investors, since the DTC system allows participating brokerage firms to electronically settle trades with other member firms. This translates into ease of trading our company's shares, lower trading costs and the potential for increased liquidity."
About UGE International Ltd.
UGE develops, owns and operates commercial and community solar projects in the United States and strategic markets abroad. The company's distributed energy solutions deliver cheaper, cleaner energy to businesses and consumers with no upfront cost. With over 400 megawatts of global experience, the company works daily to power a more sustainable world.