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Corporate Actions

  • As a stockholder, you are entitled to dividends declared by the companies you hold a position in. Dividends will be directly credited to your Syfe account.

    When will I receive my dividends?
    Under normal circumstances, the final dividend amount (i.e., original dividend minus the US withholding tax) will be credited to your account within 1-2 working days after the corporate action payment date.

    Note: Foreign companies listed on the US exchange may be subjected to further taxation. Brokers will only disburse dividends once the relevant taxes have been settled and this may result in receipt of dividends 2-4 working days after the declared corporate action date.

    How can I view the dividend payout record?
    You will be able to review dividend payout details in the monthly statements.

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  • Yes. Fractional shares pay proportionate dividends i.e., fractional shares positions are eligible to receive dividends.

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  • If a shareholder holds fractional shares of a security as of the security’s record date, the shareholder is eligible to vote their proxy ahead of the upcoming meeting and their experience is identical to that of full share position holders.

    The fractional position voted is added to the aggregate vote total for the security before sending the aggregate vote record to the company’s tabulator. Each tabulator may follow differing policies for counting fractional share positions, and therefore it is possible that a tabulator may follow certain rounding practices or discard fractional amounts in certain circumstances.

    Everyone regardless of how many shares they have (fractional or otherwise) is getting their right to vote. All votes are collectively pooled before being communicated to the company

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  • This will trigger a corporate action. Details of corporate actions will be processed and informed to clients on a case by case basis.

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