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:
- 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.
- Review the eligibility requirements. In some cases, you will be able to review the details of the offer but be unable to elect as the terms indicate residents of a particular country are excluded from participating. If you believe that you should be eligible to participate, please contact Client Services as you may need to update information on your account.
- Your account may not hold sufficient funds to participate in full. When processing some types of corporate actions, such as subscription rights or stock purchase plans, IBKR reserves the right to perform a credit check on your election. If the account does not have available funds to withdraw, the election may be rejected either at the time of election or when IBKR submits your election to the street. Please ensure your account has sufficient available, withdrawable funds to pay for the subscription in full.