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Trump Media Provides Additional Information To DJT Investors Regarding Short Selling

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Trump Media & Technology Group Corp. provides information to DJT investors on preventing short selling by brokerage firms. Retail investors can take specific actions to protect their shares, such as holding shares in a cash account, opting out of securities lending programs, and moving shares to a Direct Registration account at Odyssey Transfer & Trust Company.
Trump Media & Technology Group Corp. fornisce ai suoi investitori DJT informazioni su come prevenire la vendita allo scoperto da parte delle società di brokeraggio. Gli investitori al dettaglio possono prendere misure specifiche per proteggere le loro azioni, come mantenere le azioni in un conto in contanti, rifiutare la partecipazione ai programmi di prestito titoli e trasferire le azioni in un conto di Registrazione Diretta presso Odyssey Transfer & Trust Company.
Trump Media & Technology Group Corp. proporciona información a los inversores de DJT sobre cómo evitar la venta en corto por parte de las firmas de corretaje. Los inversores minoristas pueden tomar acciones específicas para proteger sus acciones, como mantenerlas en una cuenta de efectivo, optar por no participar en programas de préstamo de valores y mover sus acciones a una cuenta de Registro Directo en Odyssey Transfer & Trust Company.
Trump Media & Technology Group Corp.는 브로커리지 회사들의 공매도를 방지하기 위해 DJT 투자자들에게 정보를 제공합니다. 소매 투자자는 현금 계좌에 주식을 보유하고, 증권 대여 프로그램 참여를 거부하며, 주식을 Odyssey Transfer & Trust Company의 직접 등록 계좌로 이전하는 등 특정 조치를 취하여 자신의 주식을 보호할 수 있습니다.
Trump Media & Technology Group Corp. fournit des informations aux investisseurs DJT sur comment prévenir les ventes à découvert par les sociétés de courtage. Les investisseurs particuliers peuvent prendre des mesures spécifiques pour protéger leurs actions, telles que conserver leurs actions dans un compte en espèces, se désinscrire des programmes de prêt de titres et transférer leurs actions vers un compte d'Enregistrement Direct chez Odyssey Transfer & Trust Company.
Trump Media & Technology Group Corp. bietet Informationen für DJT-Investoren zur Vermeidung von Leerverkäufen durch Brokerfirmen an. Einzelanleger können bestimmte Maßnahmen ergreifen, um ihre Aktien zu schützen, wie das Halten von Aktien in einem Barzahlungskonto, das Opt-out aus Wertpapierleihprogrammen und das Übertragen von Aktien auf ein Direktregistrierungskonto bei der Odyssey Transfer & Trust Company.
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SARASOTA, Fla., April 23, 2024 (GLOBE NEWSWIRE) -- Trump Media & Technology Group Corp. (NASDAQ: DJT) (“TMTG” or the “Company”) is highlighting actions DJT shareholders can take to prevent the lending of their shares by brokerage firms for the purpose of short selling.

The Company’s shareholder base primarily consists of retail investors who hold their shares through various brokerage firms. Many of these retail shareholders invested in DJT because they support TMTG’s mission to create a free-speech beachhead against Big Tech censorship.

TMTG wants to clarify that brokerage firms may facilitate short selling in DJT shares by lending DJT shareholders’ shares held in margin accounts. Through this practice, brokerage firms earn an alternative source of revenue by “lending” shares to sophisticated and institutional investors who are betting that the stock’s price will fall. If the stock price in fact falls, then the brokerage firm and the sophisticated and institutional investors will profit while retail investors will not.

Accordingly, for long-term shareholders who believe in the Company’s future, TMTG is highlighting the following actions that shareholders can take to prevent the lending of their shares:

1) holding their DJT shares in a cash account at their brokerage firm instead of a margin account (a model instruction letter is set forth under the heading “Form of Letter to Broker” below)

2) opting out of any securities lending programs, which should stop their broker from lending their shares

3) moving their shares to a Direct Registration (“DRS”) account at the Company’s transfer agent, Odyssey Transfer & Trust Company

  • this allows shareholders to safely hold shares electronically as an alternative to a brokerage account
  • once shares are moved to a DRS account, shareholders may request to withdraw the shares into a physical stock certificate, if desired
  • to move shares to DRS, contact your broker for further instructions, indicating you wish to initiate a “transfer of DJT shares to a DRS account at the transfer agent”

Finally, retail investors should also refer to the Securities and Exchange Commission’s (the “SEC”) Investor Bulletin, which, on June 10, 2021, specifically warned investors about certain risks in connection with securities lending. In particular, the SEC noted the ability of brokerage firms to lend out securities in an investor’s account to a third-party at any time without notice or compensation to the account holder, if the investor had any outstanding margin loan in the account, as well as related impacts to an investor’s voting rights in the shares and tax treatment.

Form of Letter to Broker

If investors decide to instruct their broker not to make their shares available for lending, the following is a sample of the language they can use in their email or letter to the Branch Manager of their brokerage account:

[Broker Name]
[Broker Address]

Attn:      Branch Manager

My Account [Account Number]

Dear Sir or Madam:

Please accept this written instruction to make sure that the following securities are held in my cash account only and accordingly are not available for any stock loan activities. I hereby expressly opt-out of any securities lending programs and instruct you to not loan out any of my shares.

Securities:

XX shares of Trump Media & Technology Group Corp. (DJT) and any DJT shares subsequently acquired.

Please confirm receipt and compliance with this request.

Additional Information Regarding Moving Shares Out of Brokerage Accounts

Please note that investors may incur certain costs in connection with transferring shares out of a brokerage account and, once their shares are moved to our transfer agent, their ability to timely transfer their shares back to a brokerage firm and sell may be a longer process. Holding shares in physical certificate form involves risk of loss or destruction where a bond of indemnity is required to replace the certificate(s).

Not Investment Advice

The information in this release does not constitute or purport to be investment advice. The Company encourages investors to speak with their financial advisor about any transactions and strategies such as using cash accounts to hold their securities instead of margin accounts and the lack of liquidity resulting from or costs of transferring and holding their shares at our transfer agent to ensure they are appropriate for the investors’ individual circumstances.

About TMTG

The mission of TMTG is to end Big Tech’s assault on free speech by opening up the Internet and giving people their voices back. TMTG operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations.

Investor Relations Contact:
Shannon Devine (MZ Group | Managing Director - MZ North America)
Email: shannon.devine@mzgroup.us

Media Contact:
press@tmtgcorp.com


FAQ

How can DJT shareholders prevent short selling of their shares?

DJT shareholders can prevent short selling by holding their shares in a cash account, opting out of securities lending programs, and moving shares to a Direct Registration account at Odyssey Transfer & Trust Company.

What is the purpose of preventing short selling by brokerage firms?

Preventing short selling helps retail investors protect their shares from being lent to sophisticated and institutional investors who may profit from a decline in DJT's stock price.

How can shareholders move their DJT shares to a DRS account?

Shareholders can move their DJT shares to a Direct Registration account by contacting their broker and requesting a 'transfer of DJT shares to a DRS account at the transfer agent.'

Trump Media & Technology Group Corp.

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Services-computer Programming, Data Processing, Etc.
United States of America
SARASOTA