FAQs

1. Who is entitled to vote at a meeting of shareholders?
   • Only holders of Magna Class A Subordinate Voting Shares or Class B Shares at the close of business on the published record date may vote at the annual meeting.
2. Why do I receive duplicate sets of material?
   • You will receive material for every account you maintain (e.g. Shares held in your name and also registered through a broker or bank). You can help Magna save the expense of duplicate mailings by notifying your broker or bank not to send materials to you if you are receiving the materials as a registered shareholder.
3. Who is the contact regarding my share certificates i.e. who is Magna's Transfer Agent/Registrar and how do I contact them?
   • In Canada, Computershare Trust Company of Canada (formerly Montreal Trust Company of Canada) is Magna's Transfer Agent. In the United States, Computershare Trust Company Inc. (formerly American Securities & Trust, Inc.) is Magna's Co-Transfer Agent. Please refer to Shareholder Information for further details regarding our Transfer Agent. You can contact Computershare directly at www.computershare.com.
4. What is a Transfer Agent/Registrar?
   • A transfer agent/registrar for a publicly-held company keeps a record of every outstanding share/stock certificate and the name of the individual or company in whose name it is registered. When shares are bought and sold, the transfer agent transfers the ownership of the shares from the seller's name to the buyer's name. The registrar reconciles all transfer records and makes sure that the number of shares debited is equal to the number of shares credited. Magna's transfer agent is Computershare. They also manage the Dividend Reinvestment Plan (DRIP) and all aspects relating to the documentation of your share certificate(s).
5. How do I update my personal contact information?
   • If your shares are registered in your name, you need to contact Computershare. Please see Shareholder Information for the contact information. If your shares are registered through an intermediary such as a broker or financial institution, you need to contact your intermediary directly. If you have signed up for Request Printed Materials or Email Alerts from this Web site, please resubmit your amended information in the respective section and comment on what your previous contact information was so that we can process it quickly upon receipt.
6. How do I buy Magna stock?
   • Magna stock can be bought and sold through a broker, a financial institution providing brokerage services or through an on-line trading service.
7. Does Magna have a stock/share purchase plan?
   • Magna does not currently have a stock/share purchase plan.
8. How many shares of Magna stock are outstanding?
   • Please refer to the financial statements in the most current quarterly report or annual report. These can be found in the Financial Reports & Public Filings section.
9. What is Magna's dividend policy?
   • Our Corporate Constitution provides that, unless otherwise approved by our shareholders, the holders of our shares will be entitled to receive and we will pay, if, as and when declared, dividends in respect of each financial year so that the aggregate of the dividends paid or payable in respect of such year is: (a) equal to at least 10% of our after-tax profits after providing for dividends on preference shares, if any, for such year; and (b) on average, equal to at least 20% of our after-tax profits after providing for dividends on preference shares, if any, for such financial year and the two immediately preceding financial years. For further details, please review Item 9. Corporate Constitution of our Annual Information Form (PDF 1.6 MB) dated March 29, 2005.
10. Does Magna have a Dividend Reinvestment Plan (DRIP)?
    • Yes. Please see further details in Dividend Reinvestment Plan section.
11. What is Magna's dividend history?
    • Please see the details in the Dividends & Interest section.
12. Does Magna typically pay a cash dividend as opposed to a stock dividend?
    • Yes. Please see the details in the Dividends & Interest section.
13. What are the dividend record and payable dates?
    • Please see the details in the Dividends & Interest section. This will provide you with our historic dates as well as any dates that have currently been made public.
14. When is the U.S. Form 1099 for dividends mailed out?
    • These forms are mailed out on or before January 31st of the year following the respective tax year.
15. I am a potential investor. How do I get information on investing in Magna?
    • You can gain a lot of insight about our company through this Web site, including our public documents disclosed in the Corporate Governance section. The industry in which we compete and the business we conduct are subject to a number of risks and uncertainties which we have described in our most recent Annual Information Form (PDF 1.6 MB). You can also request an Investor Kit from the Request Printed Materials section.