Sequoia ETF Instructions

See below for important information and instructional videos outlining required next steps for Sequoia Fund shareholders.

Brokerage Accounts

Shareholders who already hold Sequoia Fund through an intermediary (e.g. Schwab, Fidelity, etc.):

  • You are in good shape for the ETF conversion. Your only remaining steps are:
    1. Confirm that the account is eligible to hold ETFs.
    2. Remember to cast your proxy for the upcoming shareholder vote.

Shareholders who hold Sequoia Fund directly with the fund’s transfer agent (SS&C Technologies) will need to transfer their shares to a brokerage account:

  • If you have an existing brokerage account that you would like to use:
    1. Confirm that the account is eligible to hold ETFs.
    2. Confirm that the account is the same “type” as your Sequoia Fund account (e.g. IRA, Individual, Joint, Trust, etc.)
    3. Initiate the transfer with your broker. Most brokerage firms have a simple transfer form that instructs the firm to pull your Sequoia Fund shares into the brokerage account. You will need to provide your Sequoia Fund account number.
    4. You may be asked to obtain a Medallion Signature Guarantee (MSG). Sequoia Fund has waived the MSG requirement for transfers to brokerage accounts in the same name as the existing Sequoia Fund account. However, some brokerage firms may have their own MSG requirements.
    5. Remember to cast your proxy for the upcoming shareholder vote.

  • If you would like to open a new brokerage account, we have partnered with Interactive Brokers and BNY Pershing to assist in provisioning accounts to our shareholders under our master relationships with each firm.
    1. Choose the brokerage firm you prefer.
    2. Fill out the corresponding form below. Our team will send you a link to a new account application that can be completed electronically.
      • Request to open an account with IBKR
      • Request to open an account with IBKR
    3. You may be asked to obtain a Medallion Signature Guarantee (MSG). Sequoia Fund has waived the MSG requirement for transfers to brokerage accounts in the same name as the existing Sequoia Fund account. However, some brokerage firms may have their own MSG requirements.
    4. Remember to cast your proxy for the upcoming shareholder vote.

Proxy Voting

Come back shortly for information on how to vote in the upcoming Sequoia Fund Shareholder vote.

Instructional Videos:

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