3.5% War Stock

KentBrian

I am a parish church treasurer and I have discovered that we own £120 of 3.5% War Stock. This has been confirmed by Computershare but after all these years and many treasurers the Stock Certificate has been lost. Computershare can supply us with an indemnity for the lost certificate but will they charge for this?
Is there any other way to get an indemnity?
It would seem sensible to sell but will I lose all the money in charges?

Mikeyorks

KentBrian wrote: »

Computershare can supply us with an indemnity for the lost certificate but will they charge for this?

Almost certainly ............... but only they can tell you how much.

At current prices (circa £77 / per £100) your holding is worth £92 ....... which should exceed the charges. You need to work out whether that's better than the £2.10 (gross) interest you will be getting each half year? Earlier thread :-

https://forums.moneysavingexpert.com/discussion/1043627

Former_MSE_Alana

Hi,

We have received this response from Computershare:


"If the value of your stock is below £100 then there is no charge for the Letter of Indemnity.

Based on the current price for sales through the UK Debt Management Purchase and Sale Service (£76.83 on July 21st) your holding is worth £92.20, as such there will be no charge for the Letter of Indemnity in this instance.

Please do call us on 0870 703 0143 for further information, or to request a LOI.

Kind regards,
The Computershare team"