Registered shareholders of MDU Resources Group, Inc. now have electronic access to their shareholder accounts. A registered shareholder whose shares are held in his or her name and is directly registered with Wells Fargo Bank, N.A., can easily view his or her account balance, certificate information and account registration. In addition to account information, shareholders can request reissuance of uncashed dividend checks as well as change their address, e-mail address and/or Personal Identification Number (PIN) number. Account information can be accessed through a secure Internet connection when you provide your tax identification number and a PIN. Shareholder account access is maintained by Wells Fargo Bank, the transfer agent and registrar.
Q. How many MDU Resources shareholders of record are there and where is the majority held?
A. As of March 31, 2007, MDU Resources common stock was held by 15,350 shareholders of record. The states that currently represent the greatest proportion of shareholders are New York and North Dakota holding 81 and 8 percent, respectively, of all shares outstanding. South Dakota is the third largest holding by state with 2 percent of all shares outstanding. In addition, nearly 300 institutions own about 44 percent of all shares outstanding of MDU Resources stock.
Q. Who should I contact concerning my account if it is held by a broker?
A. Stock purchased and held for stockholders by broker is listed with the company in the broker's name or street name. All annual and quarterly reports, proxy material and dividend payments, are sent to you through your broker. If your stock is in street name and you wish to participate in the dividend reinvestment feature of the company's Dividend Reinvestment and Direct Stock Purchase Plan, or become a stockholder of record, contact your broker.
Q. Do I have a tax obligation when I sell my stock?
A. When you sell your stock you will need to report any gain or loss on your federal income tax return. Because of this it is very important to keep a record of the price you paid for your shares and the selling price. If you are a participant in the Dividend Reinvestment Plan, your account statement contains tax-related information and should be retained for income tax purposes. It is the participant's responsibility to retain these records.
IRS Form 1099: All shareholders will receive Internal Revenue Service Form 1099 shortly after the first of each year. This form will report your total dividends earned for the calendar year. You should consult your tax advisor.
Q. When are Dividend Reinvestment Statements mailed?
A. Participants in the Dividend Reinvestment Plan are mailed a statement each time a purchase is made in the Plan. The bottom portion of the statement can be detached and used to change an address, terminate participation, or to purchase, withdraw, sell, deposit or transfer shares.
Q. How do I replace a lost stock certificate?
A. Stock certificates are valuable and should be protected. To have replacements made, you must furnish an affidavit of ownership and also pay for an indemnity bond executed by a surety company. To avoid such expense and time, we recommend you keep your stock certificates in a safe place, such as your safe or in a safe-deposit box at your bank. It also is recommended that you mail stock certificates, endorsed or not, by certified mail. If you are enrolled in the Dividend Reinvestment Plan, you have the option of depositing your common stock certificates in the Plan.
If your MDU Resources Group, Inc. stock certificates are lost, stolen, or destroyed, notify our transfer agent, Wells Fargo Bank, N.A., immediately.
Q. How do I change the registration on my account?
A. Transfers of ownership and name changes can be handled directly with our assistance or with that of our transfer agent:
Wells Fargo Bank, N.A.
Shareowner Services
P.O. Box 64856
St. Paul, MN 55164-0856
Phone: 1-877-536-3553
www.wellsfargo.com/shareownerservices
Or contact us:
MDU Resources Group, Inc.
Arlene Stillwell
Investor Relations
P.O. Box 5650
Bismarck, ND 58506-5650
Phone: 1-800-437-8000
E-mail address: investor@mduresources.com
For additional information on stock transfers, you may visit the Wells Fargo Shareowner Services web site, FAQ section, at www.wellsfargo.com/shareownerservices.
