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Q: redeeming a book entry bond ( No Answer,   3 Comments )
Question  
Subject: redeeming a book entry bond
Category: Business and Money
Asked by: sally01-ga
List Price: $10.00
Posted: 29 Dec 2004 18:21 PST
Expires: 28 Jan 2005 18:21 PST
Question ID: 449013
We have a book entry bond for Pennsylvania ST HI ED COLL PHAR through
Halpert and Company for $10,000.00 with a maturity date of 9/1/04. 
What do we do to cash in.  This was left to us and we never had a bond
before.  Thank you

Clarification of Question by sally01-ga on 01 Jan 2005 19:24 PST
How do I contact Halpert and Company or find PA St Phar College??? I
must really be stupid???
Answer  
There is no answer at this time.

Comments  
Subject: Re: redeeming a book entry bond
From: leapinglizard-ga on 29 Dec 2004 18:32 PST
 
What is a book entry bond?

    Most bonds are purchased as "book entry" to relieve bondholders
    from the responsibility of holding a bond certificate. Interest
    payments and principal payments are automatically sent to the
    bondholder. Although a certificate may be obtained, Kingdom Church
    Finance highly recommends purchasing bonds in book entry form.

    What happens when bonds mature or are called?

    At maturity, "book entry" bonds will automatically be paid
    to the bondholder. "Certificate" bonds must be mailed to the
    trustee bank. At that time, the trustee bank will remit a check
    for the amount of the bonds plus any interest due. The trustee
    bank notifies registered bondholders if their bonds are called.

http://66.218.71.225/search/cache?p=%22how+to+cash%22+%22book-entry+bond%22&ei=UTF-8&fl=0&u=kingdomloans.com/bond_financing.htm&w=%22how+to+cash%22+%22book+entry+bond%22&d=50D6A7790A&icp=1&.intl=us

So it seems you should contact Halpert and Company.

leapinglizard
Subject: Re: redeeming a book entry bond
From: sally01-ga on 30 Dec 2004 08:35 PST
 
Thanks, but how do I contact Halpert and company???  thank you
Subject: Re: redeeming a book entry bond
From: leapinglizard-ga on 02 Jan 2005 20:20 PST
 
I'm afraid I haven't the foggiest. I believe Halpert was a legitimate
firm, but they seem to have been absorbed into another brokerage. If I
were in your shoes, I would show the bond to a financial advisor at
the local bank. It is in the bank's interest to help you cash the bond
so that you'll have money to invest with them.

leapinglizard

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