New York, NY, Aug. 08, 2022 (GLOBE NEWSWIRE) — Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation announced that on July 28, 2022 FINRA declined to effectuate the Company’s request to pay a digital dividend to its shareholders. FINRA determined that the Company action was deficient because the Depository Trust & Clearing Corporation (DTCC) is unable to process the digital dividend distribution to GTII shareholders holding shares in CEDE & Co, which is a substantial percentage of its shareholders.
To reward its loyal shareholder base and keep its commitment to distributing a dividend, the Company is now in active negotiations with a digital securities firm, which could afford it the ability to allot digital dividends and fractional shares to all GTII shareholders. In the meantime, the Company urges its shareholders to continue to send in their request forms to the corporate transfer agent, Liberty Stock Transfer, Inc. (“Liberty”), in anticipation of any next steps. The forms and instructions were released in the Company’s press, are on the Company’s website, www.gtii-us.com, and were mailed to all shareholders.
David Reichman, Chairman & CEO, stated, “Needless to say we are disappointed in FINRA’s decision, but we will continue to actively pursue other methods and partnerships to ensure that our shareholders are rewarded for their loyalty and their patience”.
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