Scudder, Stevens and Clark Fund, Inc. - Investment Firm Stock CertificateInv# IV1004 Stock
Printed by Franklin Lee Division - American Bank Note Company. Scudder, Stevens & Clark, Inc. was founded in 1919, and is an independent, privately-owned corporation. Scudder has actively managed international securities for over 35 years, and is the oldest US domiciled international manager. The Scudder International Fund was introduced in 1953. Important internal resources include economic and securities research departments. (From Springer.com)
In 1996, Zurich acquired 80 percent of "Kemper Corporation" and 97 percent of "Kemper Financial Service" and in 1997 acquired a majority interest in New York-based "Scudder, Stevens & Clark". Subsequently, Kemper was merged with Scudder to form "Scudder Kemper Investments", which was later renamed "Zurich Scudder Investments". Following the September 11 attacks, on September 24, 2001, Zurich Financial announced it would sell Zurich Scudder, which then had US$370 billion in assets under management, to Deutsche Bank for US$2.5 billion (US$1.2 billion in cash and the rest in assets). The transaction was closed on April 5, 2002. Read more at https://en.wikipedia.org/wiki/Zurich_Insurance_Group#Zurich_Financial_Services_(1998%E2%80%932012)
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.