What is a spin-off?

The cost basis for Corporate Actions is determined by how the company files Form 8937 with the IRS which often times does not occur until after the action occurs. When that happens, the cost basis on the Activity Statement…

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…

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…

Yes. The Merger did not impact the cost basis of your positions.

Additional Information…