Post by
CanSiamCyp on Dec 18, 2020 10:53am
Cash in lieu received?
Out of curiosity, has anyone received a cash in lieu payment in their brokerage account for half shares arising from the recent 3 for 2 split? To date, nothing received from BMO. Cheers!
Comment by
Dogsbreakfast4U on Dec 21, 2020 11:02am
I don't think receiving cash in lieu of was an option.
Comment by
CanSiamCyp on Dec 21, 2020 12:19pm
You are right - it wasn't an option. For registered holders, the half share (if any) was to be rounded up. For beneficiary holders, they are dependent on brokerage firm. Can only assume that brokers absorbed the half shares earned on total client holdings. Part of their Xmas bonus! LOL!