Why does my account still reflect subscription rights which are expired?

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…

A merger is considered a mandatory corporate action. Clients do not need to take action on mandatory corporate actions. IBKR will process mandatory corporate actions on effective date, or upon receipt of the new shares or funds from the depository or clearing agent…

IBKR will continue to reflect shares of securities which are no longer listed for trading until the depository removes the shares from our account. In the event an account was holding a short position, this may result in borrow fees being charged to the account for an extended period…

This type of action is considered a mandatory action. Clients do not need to take action on mandatory corporate actions. IBKR will process the action on the effective date, or upon receipt of the new funds or shares from the depository or clearing agent…