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| 1. | When did American Express begin doing business? | | | March 28, 1850 |
| 2. | When was American Express incorporated? | | | American Express began operations as a joint stock association in March, 1850. It converted to a New York corporation on June 10, 1965. |
| 3. | When was American Express first listed on the New York Stock Exchange? | | | May 18, 1977 |
| 4. | What is American Express’ ticker symbol?
| | | The Company’s common stock is traded on the NYSE with the symbol AXP. |
| 5. | What is the history of stock splits for American Express? | | | Stock Splits are as follows:
| May 10, 2000 |
3 for 1 |
| May 8, 1987 |
2 for 1 |
| August 10, 1983 |
3 for 2 |
| February 10, 1983 |
4 for 3 |
| April 25, 1972 |
3 for 1 |
| March 26, 1968 |
3 for 1 |
In addition, the Company distributed on June 1, 1994 a stock dividend of the shares it held in Lehman Brothers on the basis of one share of Lehman common stock for each five shares owned of American Express. |
| 6. | How can I determine the cost basis of Lehman shares received in the spinoff? | | | The Lehman shares are deemed to have been distributed out of the American Express shares that you owned in May 1994. As a result, the cost basis of the Lehman shares derives from the cost basis of your American Express shares. Based on the relative market prices of the shares of the two companies on May 31, 1994, 11.75% of the cost basis of your American Express shares is attributable to the Lehman shares and the cost basis of your American Express shares is reduced by 11.75%. Thus, the new basis of your American Express shares is 88.25% of what it was originally.
The dividend was distributed on May 31, 1994 to shareholders of record on May 20, 1994. |
| 7. | Where can I find information about the American Express Preferred Stock? | | | American Express no longer issues preferred securities. The 7.00% Cumulative Quarterly Income Preferred Securities, or "QUIPS", were called on July 16, 2003. |
| 8. | Whom do I contact to change my address for dividend payments? | | | Dividend checks are mailed out by the Company's transfer agent, The Bank of New York. If you are a shareholder of record and have recently moved, you can call The Bank of New York directly at 1.800.463.5911. International direct dialers may call us at 1.212.815.3700. For the Hearing Impaired, the TDD Number is 1.888.269.5221. Alternately, you may complete a change of address form online through Bank of New York's website. |
| 9. | Whom do I call to enroll in American Express' dividend reinvestment program. What are the minimum requirements? How can I obtain a prospectus and enrollment forms? | | | To enroll in the Company's dividend reinvestment program you must own at least 10 shares or purchase 10 shares through the Company's Shareholder Stock Purchase Plan. To obtain a prospectus and enrollment materials, you can call our transfer agent, The Bank of New York, toll-free at 1.800.463.5911. |
| 10. | I own a small number of AXP shares that I would like to sell but don't want to pay high commissions or transaction costs. Does the Company have a buy back program? | | | No buy-back program for small shareholders is planned at this time. Small holders wishing to liquidate their holdings at a modest expense should consider either selling the shares through one of the low cost Internet brokerage services or, if one holds at least 10 shares, enrolling them in the Company's Shareholder's Stock Purchase Plan and then instructing the Plan Administrator, The Bank of New York, to sell the shares. |
| 11. | How can I find out the cost basis for American Express shares received as a gift? | | | The Company maintains a record of the NYSE market prices for the Company's shares on each day going back to 1960. To find out the price of the Company's shares on a given date since 1960, contact:
Secretary's Office
American Express Company
200 Vesey Street, 50th Floor
New York, NY 10285
ATTN: Share Price
Or call 1.212.640.5714
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| 12. | How do I replace a lost American Express share certificate? | | | To replace a lost American Express share certificate, you must contact the Company's transfer agent, The Bank of New York. You can reach them at:
The Bank of New York
Shareholder Services Department -12E
P.O. Box 11258
Church Street Station
New York, NY 10286
Telephone: 1.800.463.5911
International: 1.212.815.3700
TDD: 1.888.269.5221
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| 13. | Whom do I contact to transfer ownership of my stock certificate? | | | To transfer ownership of your American Express certificated shares, you must contact the Company's transfer agent, The Bank of New York. You can reach them at:
The Bank of New York
Receive and Deliver Department -11W
P.O. Box 11002
Church Street Station
New York, NY 10286
Telephone: 1.800.463.5911
International: 1.212.815.3700
TDD: 1.888.269.5221
Further information on transferring share ownership can be found at the Bank of New York's website. |
| 14. | Whom do I call to replace a dividend check? | | | Dividend checks are mailed out by the Company's transfer agent, The Bank of New York. To have a lost or stale dividend check reissued, please contact Mellon directly at 1.800.463.5911. International direct dialers may call at 1.212.815.3700. For the Hearing Impaired, the TDD number is 1.888.269.5221. Alternately, you may e-mail them at axpshareowners@bankofny.com. |
| 15. | How can I obtain a duplicate 1099 form? | | | 1099's are issued by the Company's transfer agent, The Bank of New York. To request a duplicate 1099, please contact The Bank of New York directly at 1.800.463.5911. International direct dialers may call 1.212.815.3700. For the Hearing Impaired, the TDD number is 1.888.269.5221. Alternately, you can submit a request online through the Bank of New York's website. |
| 16. | Who was entitled to receive the Ameriprise spin-off dividend? | | | Individuals and institutions who owned American Express common shares at 5 PM EDT on September 19, 2005 (the "record date") were eligible to receive the dividend. |
| 17. | If I am a shareholder of American Express entitled to receive the distribution, how many shares of Ameriprise will I receive for every common share of American Express I own? | | | You will receive one share of Ameriprise common stock for every five shares of American Express stock you owned on the record date. For example, if you owned 1,000 shares of American Express stock you will receive 200 shares of Ameriprise stock.
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| 18. | As a shareholder of American Express, did the number of shares I hold change as a result of the Ameriprise spin-off? | | | The number of American Express shares that you own will not be affected by the distribution. |
| 19. | Do American Express shareholders need to do anything in order to receive their Ameriprise shares?
| | | No. They will not need to take any action or make any payment to receive the distribution. Registered holders of American Express common stock who are entitled to receive the distribution will receive a book-entry account statement from the Bank of New York reflecting their ownership of Ameriprise common stock. Those who hold their shares through a broker, bank or other nominee will have their brokerage account credited with the Ameriprise common stock.
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| 20. | How will the common stock of Ameriprise Financial, Inc., trade following the distribution? | | | Ameriprise Financial, Inc. common stock will trade on the New York Stock Exchange under the symbol “AMP” beginning October 3, 2005. |
| 21. | What are the general U.S. Federal income tax consequences to me as a U.S. shareholder? | | | American Express received a private letter ruling from the Internal Revenue
Service and an opinion of counsel (which will not be binding on the Internal
Revenue Service) to the effect that the distribution generally qualifies as
a tax-free distribution for U.S. Federal income tax purposes. For more information
on tax consequences, please refer to the letter
containing tax information to be distributed to shareholders of record.
You should consult your own tax advisor regarding the particular consequences
of the distribution to you, including the applicability and effect of any U.S.
Federal, state and local and foreign tax laws.
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| 22. | How can I determine the tax basis of my American Express shares and the Ameriprise shares I receive in the distribution? | | | As a consequence of the distribution, you will need to allocate the tax basis
in your American Express shares immediately before the distribution between
your American Express shares and your newly-received Ameriprise shares (including
any Ameriprise fractional share for which you receive cash). One possible measure
of this, based on the relative market prices of the shares of the two companies
immediately after the distribution, results in an allocation of the tax basis
of your American Express shares as follows: 87.53% to your American Express
shares and 12.47% to the Ameriprise shares you receive. For more information
on how to determine and allocate your tax basis, please refer to the letter
containing tax information to be distributed to shareholders of record |
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| * Data collected 08/23/09 - 08/30/09 |
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