ACCESS CORPORATE ACTION MANAGER

IBKR provides information to account holders on upcoming voluntary corporate actions within Client Portal. If you have been sent a notification regarding an open voluntary corporate action, use the button above or follow the below procedure to submit your election in the Corporate Action Manager:…

IBKR will make voluntary corporate actions available for on-line election once all external terms including rates, eligibility restrictions and deadline dates have been confirmed with the depository or clearing agent. This verification process is manual and generally will take a few days after the initial announcement is made public…

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In the event the election deadline has passed for a voluntary corporate action, clients may submit an inquiry Ticket…

ACCESS THE CORPORATE ACTION TOOL   

IBKR offers clients that are holders of the underlying ordinary shares the ability to request to convert these shares into an ADR electronically through our Client Portal. Similarly, holders of an ADR may request to convert to the underlying ordinary shares…

Overview of Topics

• General use of the tool
• Information specific to Dutch Auction elections…

In many cases, this type of issue will occur when the offer is subject to specific terms on the allowable quantity. For example, if you hold a quantity of 5,000 and the terms of the offer indicate that "for every 3 units you may purchase 1 new unit", your participation will be limited to a multiple of 3…

ACCESS CORPORATE ACTION MANAGER

Until the IBKR stated election deadline, clients may modify their election quantities through the Corp Action Manager:…

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Most offers where a client's eligible position may change will include information on the "last day to purchase shares for the offer". Trading activity on or before that date will be considered part of your eligible position…

In the event you submit an election for an open voluntary corporate action, IBKR will reflect your election as pending until the deadline of the offer. At the time of our submission of the elections to the depository or clearing agent, IBKR will run a check against current holdings in the account. If you have previously sold the shares on which you have elected, IBKR will reduce your election…

In the event your voluntary corporate action election request is being rejected, please review the below information which lists the most common issues clients come across:

1. Review the details of the offer in full to ensure you are submitting an accurate election. If the terms of the offer are "3 rights for 1 new share of stock", your election should be submitted in a quantity divisible by 3. Similarly, if there is a minimum election requirement you may be unable to participate if your holding does not meet this minimum…

A subscription right is a privilege granted to an existing shareholder of a corporation to subscribe to shares of common stock before it is offered to the public. The terms of the rights, meaning the number of rights required to purchase 1 new share and the subscription price, are defined by the company and will be outlined in the voluntary corporate action overview…

We do not automatically adjust existing orders after the ex-dividend date on stocks which have declared an ordinary dividend. On the other hand, we will automatically cancel existing orders when the following conditions have been met:

• If a corporate action on a security results in a stock split (forward or reverse), exchange for shares, or distribution of shares…

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Some voluntary corporate action offers may be restricted from view or participation. Such restrictions generally, although not always, are based on residency…

ACCESS CORPORATE ACTION MANAGER

SUBMIT TICKET TO CLIENT SERVICES…

IBKR provides information on voluntary corporate actions to eligible account holders. Some corporate actions have restrictions associated with them in terms of those shareholders considered eligible for either notification or participation. In the event an action has stated restrictions, IBKR will generally take a broad view and restrict all holders who may fall under the restriction. For instance, if an offer is generally restricted for residents of the United States unless they qualify as QIBs (Qualified Institutional Buyers), IBKR will restrict all clients with residency in the United States from submitting an election…