August 5, 2015
I am writing in regards to "Investment Company Reporting Modernization Rule 30e-3", the proposed rule that will shift the default delivery method for critical shareholder reports from paper to electronic delivery.
In a recent national survey, 88 percent of respondents said that they understand and can retain or use information better when they read print on paper, and when given a choice, 81 percent of respondents prefer to read print on paper. As a confirmation of this survey result, our donor reports, which would be similar in scope to the shareholder reports this rule addresses, continue to be hard copy pieces mailed annually. The campus also continues to publish, in hard copy, and mail our newsletters to 12,000+ alumni and friends. We believe it is important to provide this document to those who would not have access or a preference to receive it electronically. When our recipients were asked about a preference on how to receive our publication, less than 1% of our recipients asked for an electronic version.
Paper is a superior distribution method for important information. With this message we want to provide our voice of support for consumer choice and the continued use of paper.
Di Hershey
Director of Alumni Relations and Development
Penn State York