Voluntary Events

Tenders…

IBKR Australia will, on a best efforts basis, promptly allocate the new shares once we have received them from the BNP and have reconciled the subscription requests from all participating clients with the allocation we have received. As this process often involves multiple parties, IBKR Australia cannot guarantee the exact timing when the new shares and/or the cash refund (if applicable) will be received in your account. As a result, by submitting the corporate action request via IBKR Australia, you acknowledge that there may be a delay in receiving the allocated securities and/or refunds (if applicable) that is outside the control of IBKR Australia and as a result you will not hold IBKR for any harm or loss associated therewith…

Our services relating to corporate actions are as follows:

1. The processing of mandatory corporate actions (e.g. prompt dividend recovery, spin-offs, stock splits, effective mergers and etc.) at no extra cost; and
2. Providing, on a best efforts basis, details of corporate action announcements associated with stock and option positions held in your account. These details are provided in the form of a web ticket posted to the Corporate Actions tab of your Message Center. Account holders may also elect to set their preferences so as to receive a copy of such details via email. Information provided includes…

Trading the securities of companies involved in announced but as-yet incomplete mergers is known as “Merger Arbitrage.”

When a company decides to assume control of a public company, the per-share price that the acquiring company must agree to pay for the target company is typically greater than the prevailing per-share stock price on the public exchange. This price difference is known as the “takeover premium.”…

Overview:

An escrow account was opened in your name if you own securities that are subject to comprehensive sanctions imposed by the US Treasury Department's Office of Foreign Asset Control ("OFAC")…

Interactive Brokers facilitates proxy voting for eligible client shares based on the firm's net position at the depository as of the record date. This net position reflects aggregated long and short client holdings, along with firm-level stock loans and borrows. Only shares in Interactive Brokers’ possession can be voted.  Shares that are unavailable due to lending or other encumbrances are not eligible to be voted…

IBKR Australia does not provide legal, tax or investment advice and determine your eligibility. By submitting your request through the online portal, you acknowledge that you have read and understood the prospectus or offer documents and that you are not ineligible to participate in the corporate action due to one or more of the restrictions set forth in the offering documents or prospectus, as applicable, including any restriction related residency. The registry, in its sole discretion, will determine your eligibility and whether to accept or reject your submission…

When a company you own shares in is acquired or merged, several outcomes are possible:

• Cash-out: Your shares may be converted to cash at a predetermined price per share. In this case, your account will be automatically credited with a specified amount per share once the merger is completed and IBKR receives the proceeds…

IBKR will allocate the proceeds from a mandatory or voluntary corporate action upon receipt from the depository or clearing agent. Clients should be aware that the final allocation of such corporate actions often takes additional time. IBKR staff continuously monitors our accounts and will allocate as soon as possible upon receipt…

Once the cash and/or asset allocation has been completed for a corporate action, clients may view the activity on their Daily Account Statement under the section titled Corporate Actions…

The majority of corporate action processing is done free of charge to clients. Exceptions to this are outlined on our website. …

No, this is not supported via IBKR Australia.

However, you can still participate in IPOs and request the IPO shares to be received at the registry in issuer sponsored form. Once received at the registry, you can raise a position transfer ticket via the client portal message center and request to transfer these securities to your IBKR account by providing the stock ticker / account holder’s name / mailing address and the number of shares, and we will assist further…

As IBKR Australia uses BNP as our sub-custodian for holding ASX listed cash equities, we must submit our instructions earlier than the market deadlines (that are typically announced within the offer documents). If you are holding the shares at the record date, an email or message center notification will be sent to you or your broker / advisor to notify you of the IBKR Australia submission deadline, which is typically at least…

After a merger announcement, you may find that you are unable to trade or sell your shares of the affected company. This is a common occurrence and is typically implemented for several important reasons:

1. Trading Restrictions: Following a merger announcement, trading of the affected shares is often restricted. This limitation is put in place to:…

Clients may obtain information on both mandatory and voluntary corporate actions from the Investor Relations department of the company involved.

In the event a voluntary corporate action is open for elections, IBKR will, on a best efforts basis, provide a summary of the offer along with the ability for clients to submit their election. In the event of a mandatory corporate action, IBKR will provide general notification of the action, but clients should contact the company directly for details…