FAQs - Corporate Action - Foreign Equity
No, there will be no corporate action handling charges by RT to RT client.
No, there will be no corporate action handling charges by RT to RT client. Normally the cash dividend will be subjected to withholding tax and will be credited into your Cash Upfront account minus the withholding tax. Other charges (if any) may apply.
Distribution such as dividends will be maintained in the respective local currency. For example, if you receive dividends from a stock listed on NYSE / NASDAQ, you will receive dividends in USD. Likewise, if you receive dividends from a stock listed on HKEX, you will receive dividends in HKD.
No. RT does not support Voluntary Corporate Action for US and HK markets.
It will be credited into your trading account once we receive the payment from our foreign custodian and other relevant partners.
If the US fractional share is less than 0.0001 unit, it will be sold and the USD cash proceeds will be deposited into your trading account. If it’s more than 0.0001 unit, it’ll be transferred as per norm into your trading account.
For HK fractional shares, it’ll automatically be sold on your behalf and the cash proceeds will be maintained in HKD.
Once our custodian had processed the said corporate action, the shares distribution will be credited into your client portfolio tentatively on Effective date/ Payment Date + 2 business days, while cash distribution will be credited to your trading account tentatively on Effective date/ Payment Date + 5 business days .
RT supports the mandatory type of corporate action events such as dividend, bonus, share split, merger, spin off and etc. RT does not support Voluntary events like rights issue, tender offer, priority offer and etc.