An eigenvalue is a scalar for which contains a nonzero vector; that kernel is its eigenspace. The characteristic polynomial has degree , so the fundamental theorem of algebra supplies at least one complex root and hence an eigenvalue. Its eigenspace dimension can be any integer from to .
With , direct expansion gives
Thus the eigenvalues are . Kernel calculation gives eigenspace dimensions , respectively.
The eigenvalue equation is , so
This is a nonzero square-summable vector exactly when and . Hence every point of the open unit disc is an eigenvalue, with the displayed one-dimensional eigenspace.
For the transpose shift, and for . If , the first equation and the subsequent recurrence force every component to vanish, both for and for . Thus has no eigenvalues, illustrating that a bounded infinite-dimensional operator need not have one.

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