February 17, 2012 – Email to Bell Canada from me.
Hello,
On February 10, 1921, my grandfather A. W. Smith bought 22 shares at $5.00 each in the Rutherglen Rural Telephone Company, Limited (Ontario). This rural telephone company would have been bought by Bell Telephone.
What happened to these shares? Are they still valid?
Thank you for looking into this for me.
Wendy Smith
February 20, 2012 Email from investor.relations@bell.ca
Good afternoon!
Thank you for your email. No, those old certificates are no longer valid. Bell bought hundreds of rural companies 40-50 years ago. In most cases, shareholders received their payout without having to return their old certificates. That could be the case. If not, then, after so many years, rights belongings to past arrangements become obsolete.
Sincerely,