Allocation of Callable Securities Your account may contain “callable” securities, which allow the issuer to repurchase or redeem the securities by a specified date. In the event of a partial redemption or call of securities by the issuer, PNC Capital Markets LLC will allocate among its customers, the securities being selected as called, on a fair and impartial basis through a randomized lottery system. If your account contains callable securities subject to a partial redemption or call, the probability of your securities being selected as called is proportional to the holdings of all customers of such securities held in bulk by PNC Capital Markets LLC. Notwithstanding the foregoing statements, PNC Capital Markets LLC will further ensure equitable allocation of the callable securities by excluding itself as well as its interested persons from the lottery system when the redemption is made on terms that are favorable to PNC Capital Markets LLC; and including itself as well as its interested persons in the lottery system when the redemption is made on terms that are unfavorable to PNC Capital Markets LLC.
Associations
Overview
Understanding the balance of a member-supported, not-for-profit organization is an area of focus for PNC. We appreciate the significance your members represent and we strive to work as hard for you as you do for them.
PNC knows that keeping your association up and running can be difficult, so we make it easier. PNC offers a wide range of solutions that can help you keep your members happy, your organization growing and strong and allow you the time to focus on your core mission and goals, not your financial services.
Whether you are managing a trade group or a professional association, PNC provides value-added benefits to your association. Through our partnership with you, we can design a customized solution to meet your diverse needs from treasury management to merchant services to specialized membership affinity programs.
Solutions
Our cross-team of association professionals have the experience
to deliver a complete association solution:
- WorkPlace Banking, including educational programs
- Wealth Management
- Loan Programs