Description
Learn about options for selling your Visa B shares. This stock was issued to mostly larger credit unions at the time of Visa’s IPO in 2008 and credit unions - and some CUSOs like Envisant - have been holding on to the shares ever since, waiting for litigation with retailers to be resolved. The lawsuits haven’t been settled, but Visa recently received approval from its shareholders to permit sales of some of its Visa B shares in the coming months, which could provide a nice cash infusion for credit unions holding the stock.Visa is providing a brief window for shareholders of less than 2 months to choose what to do.