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Overstock Announces Canadian Broker-Dealer Echelon Can Now Trade Digital Preferred Shares, OSTKO

Overstock.com, Inc., an online retailer and technology company based in Salt Lake City, Utah, announced that Canadian customers of Echelon Wealth Partners Inc. (Echelon), can now trade Overstock’s Series A-1 shares (OSTKO) on the alternative trading system (ATS) operated by tZERO ATS, LLC, a FINRA member broker-dealer. This is possible through broker arrangements with an existing subscriber to the ATS.

In May 2020, Overstock distributed Series A-1 shares as a dividend to Overstock shareholders.

“We are working to increase access to Overstock’s preferred shares; I’m pleased Canadian investors now have the ability to trade our Series A-1 preferred shares through Echelon.” said Overstock Chief Executive Officer Jonathan Johnson.

Echelon is a growing firm with approximately 60 teams of investment advisors and portfolio managers and more than $6 billion in assets under administration and management. Echelon offers a wide range of services for individuals, households, institutions, and corporate clients from its offices in Toronto, Ottawa, Montreal, Calgary, Vancouver, Victoria, Saskatoon, London, and Edmonton.

Photo by John Salvino on Unsplash

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