Can I transfer dividend accruals to a new account?

No. The accrual balance, whether dividend or interest, will continue to be reflected in the account in which it was calculated. Accruals are converted to Cash once the dividend payment date is reached and the dividend is allocated or in the case of interest during the first few days of the month after it was calculated.

Clients should monitor their accounts and once the accrual is paid as Cash the funds will be available to withdraw or transfer.

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