Corporate Actions / Fractional Shares. In the event of any corporate action in relation to securities held in your Account with Wealthsimple Trade, the Firm will assign you to the default position, and where relevant, credit dividends or other payments into your Account or allocate securities to your Wealthsimple Trade Account. The Firm will accept your instructions to act on a corporate action against a reasonable fee as set out in the Wealthsimple Trade Fee Schedule. Where a corporate action results in a fractional entitlement to part of a share, the Firm will (i) in the case of corporate actions supported for fractional trading, issue such fractional entitlement to you or (ii) in the case of corporate actions not supported for fractional trading, credit your Wealthsimple Trade Account with the cash value in lieu of the fractional shares. For greater clarity:
Corporate Actions / Fractional Shares. In the event of any corporate action in relation to securities held in your account with Wealthsimple Trade, the Firm will assign you to the default position, and where relevant, credit dividends or other payments into your Wealthsimple Trade cash account or allocate securities to your Wealthsimple Trade trading account. The Firm will accept your instructions to act on a corporate action against a reasonable fee as set out in the Fee Schedule for Wealthsimple Trade. Where a corporate action results in a fractional entitlement to part of a share, the Firm, in its sole discretion, may credit your Wealthsimple Trade account with a cash value in lieu of the fractional shares. This may be a taxable event and you are responsible for any taxes arising as a result of such transactions. You are encouraged to consult with a tax advisor with respect to any tax considerations that may be applicable to you.
Corporate Actions / Fractional Shares. In the event of any corporate action in relation to securities held in your Self-Directed Account, the Firm will assign you to the default position, and where relevant, credit dividends or other payments into your Account or allocate securities to your Self-Directed Account. The Firm will accept your instructions to act on a corporate action against a reasonable fee as set out in the WSII Fee Schedule. The Firm will use reasonable efforts to ensure that corporate actions are properly executed and that any changes or cancellations to such actions are communicated to you in a timely manner. However, the Firm is not liable for any losses resulting from changes or cancellations to corporate actions, and you assume the risk of any such changes or cancellations. Where a corporate action results in a fractional entitlement to part of a share, the Firm will (i) in the case of corporate actions supported for fractional trading, issue such fractional entitlement to you or (ii) in the case of corporate actions not supported for fractional trading, credit your Self-Directed Account with the cash value in lieu of the fractional shares. For greater clarity:
