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Voluntary Corporate Actions - Reorganizations, Reorgs


Place Trade provides information to account holders on upcoming voluntary corporate actions via electronic notification from within Account Management.  Please note that we do not physically mail notifications via snail mail. 


To view information and notifications on upcoming voluntary actions (also called reorganizations, reorganisations, reorgs and corp actions) please use the Voluntary CA Election tool located in Account Management. 

Easily access the Voluntary CA Election tool in one of two ways, either 

      • through the Message Center, or by 
      • navigating to the Corporate Action Manager

The Corporate Action Manager is available through the Customer Service Tools (located just above the account management menu near the top left hand side of your Account Management screen). You may access Account Management from directly within your trading platform as well so there is no need to log in multiple times!  For more detailed information on how to submit instructions through the Voluntary CA Election tool, please click here.   


In the event an open voluntary corporate action is not available through Place Trade's Voluntary CA Election tool please submit instructions to participate in the offer by creating an Inquiry/Problem ticket via Account Management.   


How to submit instructions to Place Trade in the event that an open voluntary corporate action is not available through our Voluntary CA Election tool:  

Create an Inquiry/Problem ticket via Account Management. To do this,

      • go to Account Management, and 
      • from the Customer Service menu, select Message Center; 
      • click on the tab to “Create” a New Ticket; 
      • select Category Account Services; 
      • select Topic Corporate Actions/Dividends.

 In the text of the request you must state the issue or description of the security (name and symbol) and the quantity that you wish to tender or exercise (you cannot simply say "all," you must state an exact amount). 

Please note that in some regions, Place Trade must submit instructions to our clearing agents earlier than the deadlines

Please note that in some regions, Place Trade must submit instructions to our clearing agents earlier than the deadlines typically announced within the offer documents. This is typically the case in regions where instructions may not be submitted electronically. In order to ensure processing of voluntary corporate actions, the deadlines by region are as follows: 


Australian corporate actions: instructions should be submitted 7 days prior to the expiration of the offer. 


UK corporate actions: instructions should be submitted 5 days prior to the expiration of the offer. 


All other regions: instructions should be submitted by 12:00 ET the day prior to the expiration of the offer. Keep in mind that, regardless of the region involved, we must receive instructions from you and then process your request prior to the deadlines posted as the corporate action deadline.   


Instructions submitted after the above stated deadlines will be handled on a best-efforts basis.


For Canadian securities which offer a monthly redemption / retraction privilege, holders should submit a ticket to Place Trade with instructions to submit their shares. Tickets should include the security symbol and exact quantity you wish to submit for redemption / retraction. Monthly redemption / retraction information will not be provided in the Place Trade Corporate Action Election Tool. 


After Place Trade receives the completed instructions

You will receive confirmation of receipt of your instructions within one business day. If you do not receive confirmation, you must contact the Place Trade Help Desk by clicking here.  Please note that this service is offered by our clearing firm and this link will take you to their website.  You may answer yes to the question of whether or not you have an Interactive Brokers account or not.  You have a Place Trade account but as our clearing firm they are able to process any corporate actions that you request.  


Submission of more than one ticket for the same voluntary offer may result in the account being over-subscribed to an offer. 


Place Trade will not charge for Corporate Actions affecting securities in your portfolio. Please review this page (above) for more information.  Corporate Actions are also referred to as  "Reorg" or "Reorganization." Place Trade will not charge you reorganization fees. 

 

Global
Type Fees
All (Mandatory, Voluntary, With Options, etc) Free

 

When considering fees please consider the overall low cost of trading, ultra low margin rates, access to experienced financial consultants and great customer service that you enjoy at Place Trade.  We believe that we offer the lowest overall trading cost of any full service broker.  

For information regarding fees please call us at 1-919-719-7200.

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