FAQs

1. What year was Magna incorporated?
   • Magna was originally incorporated in the province of Ontario, Canada on November 16, 1961 as Magna Electronics Corporation Limited. Subsequently on January 2, 1973, Magna Electronics Corporation Limited changed its name to Magna International Inc.
2. What is Magna's mission statement?
   • Magna does not have a traditional mission statement. We are guided by the key principles outlined in our Corporate Constitution and the Magna Employee's Charter. We are committed to an operating philosophy that is based on fairness and concern for employees and the communities in which we operate.
3. Who are Magna's customers?
   • Magna supplies virtually every Original Equipment Manufacturer (OEM) of passenger cars and light trucks around the world.
4. When is the annual shareholders' meeting?
   • The 2007 Annual Shareholders' Meeting was held on May 10, 2007 at Roy Thomson Hall in Toronto, Ontario, Canada at 10:00 a.m. EDT. Historically our meeting has been held within the first two weeks of May. Please see our Calendar of Events & Presentations section closer to that time for further details.
5. Who is entitled to vote at a meeting of shareholders?
   • Only holders of Magna Class A Subordinate Voting Shares or Class B Shares at the close of business on the published record date may vote at the annual meeting.
6. Why do I receive duplicate sets of material?
   • You will receive material for every account you maintain (e.g. Shares held in your name and also registered through a broker or bank). You can help Magna save the expense of duplicate mailings by notifying your broker or bank not to send materials to you if you are receiving the materials as a registered shareholder.
7. Who is the contact regarding my share certificates i.e. who is Magna's Transfer Agent/Registrar and how do I contact them?
   • In Canada, Computershare Trust Company of Canada (formerly Montreal Trust Company of Canada) is Magna's Transfer Agent. In the United States, Computershare Trust Company Inc. (formerly American Securities & Trust, Inc.) is Magna's Co-Transfer Agent. Please refer to Shareholder Information for further details regarding our Transfer Agent. You can contact Computershare directly at www.computershare.com.
8. What is a Transfer Agent/Registrar?
   • A transfer agent/registrar for a publicly-held company keeps a record of every outstanding share/stock certificate and the name of the individual or company in whose name it is registered. When shares are bought and sold, the transfer agent transfers the ownership of the shares from the seller's name to the buyer's name. The registrar reconciles all transfer records and makes sure that the number of shares debited is equal to the number of shares credited. Magna's transfer agent is Computershare. They also manage the Dividend Reinvestment Plan (DRIP) and all aspects relating to the documentation of your share certificate(s).
9. How do I update my personal contact information?
   • If your shares are registered in your name, you need to contact Computershare. Please see Shareholder Information for the contact information. If your shares are registered through an intermediary such as a broker or financial institution, you need to contact your intermediary directly. If you have signed up for Request Printed Materials or Email Alerts from this Web site, please resubmit your amended information in the respective section and comment on what your previous contact information was so that we can process it quickly upon receipt.
10. When is Magna's financial/fiscal year-end?
    • Magna's fiscal year-end is December 31st. Magna changed its year-end from July 31st to December 31st beginning with the five-month "stub" period ending on December 31st, 1998. Magna has reported in U.S. dollars since the five-month "stub" period ending on December 31st, 1998.
11. Where are Magna's Class A Subordinate Voting shares listed and traded and what are their respective stock symbols?
    • Magna's Class A Subordinate Voting Shares are listed and traded on the Toronto Stock Exchange ("TSX") (MG.A) and on the New York Stock Exchange (MGA). Magna's Class B Shares (MG.B) were de-listed after the close of trading on Friday, September 21, 2007.  For the period from November 15, 2004 to May 7, 2006 only, the TSX had designated the Class A Subordinate Voting Share symbol and Class B Share symbol as MG.SV.A and MG.MV.B, respectively.
12. How do I buy Magna stock?
    • Magna stock can be bought and sold through a broker, a financial institution providing brokerage services or through an on-line trading service.
13. Does Magna have a stock/share purchase plan?
    • Magna does not currently have a stock/share purchase plan.
14. How many shares of Magna stock are outstanding?
    • Please refer to the financial statements in the most current quarterly report or annual report. These can be found in the Financial Reports & Public Filings section.
15. What is Magna's dividend policy?
    • Our Corporate Constitution contains a Dividend Policy that entitles holders of Class A Subordinate Voting Shares and holders of Class B Shares to dividends which, in aggregate in respect of a financial year, shall be: (a) equal to at least 10% of our After Tax Profits (as defined in our Corporate Constitution) for that financial year; and (b) on average, equal to at least 20% of our After Tax Profits for that year and the two immediately preceding financial years.  For further details, please review Item 9. Corporate Constitution of our Annual Information Form.
16. Does Magna have a Dividend Reinvestment Plan (DRIP)?
    • Yes. Please see further details in Dividend Reinvestment Plan section.
17. What is Magna's dividend history?
    • Please see the details in the Dividends & Interest section.
18. Does Magna typically pay a cash dividend as opposed to a stock dividend?
    • Yes. Please see the details in the Dividends & Interest section.
19. What are the dividend record and payable dates?
    • Please see the details in the Dividends & Interest section. This will provide you with our historic dates as well as any dates that have currently been made public.
20. When is the U.S. Form 1099 for dividends mailed out?
    • These forms are mailed out on or before January 31st of the year following the respective tax year.
21. What are Magna's earnings release dates?
    • The earnings release dates are always subject to change; however, they typically fall in the first two weeks of May, August and November for the respective quarters ending March 31, June 30 and September 30. For the fourth quarter ended December 31, the release date typically falls in late February. Please see our Calendar of Events & Presentations section for further details and updates in and around these time periods for the exact release dates.
22. Can anyone listen to the quarterly earnings conference call?
    • Yes. Please see our Calendar of Events & Presentations section for further details.
23. Does Magna issue quarterly reports?
    • Yes. Please see our Financial Reports & Public Filings section for the most current reports.
24. I am a potential investor. How do I get information on investing in Magna?
    • You can gain a lot of insight about our company through this Web site, including our public documents disclosed in the Corporate Governance section. The industry in which we compete and the business we conduct are subject to a number of risks and uncertainties which we have described in our most recent Annual Information Form (PDF 1.6 MB). You can also request an Investor Kit from the Request Printed Materials section.
25. How do I request financial or other information from Magna?
    • If you would like to receive Email Alerts when press & media releases, financial reports & public filings or calendar of events & presentations will be available electronically on our Web site, please subscribe in the Email Alerts section. Although we are trying to reduce the amount of printed materials we ship, if you would prefer to receive information by mail you may subscribe under the Request Printed Materials section of the Investors section.
26. Where can I find historical financial information for Magna?
    • The best sources will be our annual reports, quarterly reports and quarterly earnings press releases. The annual and quarterly reports can be found under our Financial Reports & Public Filings section and you can go to the Press Releases & News section to find our press releases.
27. Who are the members of Magna's Board of Directors and who are the officers of the company?
    • Please refer to our Board of Directors & Officers section.
28. When did Magna go public and at what price?
    • Magna Electronics Corporation Limited was first listed on the TSX on December 20, 1962 under the symbol MG. The share price first traded on December 21, 1962 at CAD $3.25 per common share.