Information regarding mandatory corporate actions which result in fractional shares

In the event a mandatory corporate action is processed which would result in an account receiving fractional shares, such shares will be liquidated for cash by IB. The processing of the liquidation will typically be done within one day of the processing of the action.

Please be aware that IB holds all positions in street name. As such, corporate actions which may include a round up privilege whereby a broker may request that each holder of a fractional position be rounded up will not be supported by IB. All such actions which result in a fractional share will be liquidated as cash. The resulting cash will be the equivalent to the value of the resulting fractional shares.