Help & FAQs

What happens to my Dividend Reinvestments if my securities are going through a Corporate Action?

If a corporate action results in you being issued with a new security (with a new ISIN reference), your initial Dividend Reinvestment instruction is only applicable to the initial security. You will have to apply a new Dividend Reinvestment instruction on the new asset if you wish for this service to continue on the new asset.                                                                                                                                                                                   We will send you a notification of the corporate action with a reminder that any standing instructions will not be applied to the new asset unless you arrange for this. If the final dividend is paid on the old stock’s final day before it changes, that dividend will not be reinvested. We are unable to transfer the dividend across to the new holding.

Submitted on 14th Nov 2017

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