Voluntary corporate actions are events initiated by public companies which bring or could bring an actual change to the company's securities. Shareholders eligible for a voluntary corporate action may or may not elect to participate in the action. Follow along below to learn how corporate actions may affect your customers and how to create, export, and share election reports.
Unlike corporate and fund issuer proxy events which follow an annual or semi-annual cadence, voluntary corporate actions can take place ad-hoc at any time during the calendar year. The best way to stay abreast of corporate actions affecting your customers is to select the corporate actions bucket from the mailings screen to view recent and upcoming corporate actions.
Clicking on corporate actions shows us a list of recent corporate actions that were distributed to customers within the past 30 days. In this case, it looks like there was one corporate action distributed for Amazon.com to 451 customers and 45 customers participated. Lets select anywhere in the row to see additional details from this corporate action.
From this new screen we can see that this corporate action was a Tender Offer that was sent on April 25 and the vote cutoff was on April 29. From the engagement stats bar, we can see that almost 10% of users participated in this corporate action. The "ELECTION" column in the table below indicates if and how customers participated in the corporate action. We can use the drop-down at the top left of the table to filter our view to see specific elections we care about. Here I want to view customers who elected cash:
Now that we have the table filtered to the customer elections we need to report on, we can click "download" at the top right of the table to generate a csv report and have it delivered to your email.
And there you have it! Once you receive the report in your inbox, you can download the report with a secure link for your own files, share with colleagues, or use for your own reconciliation services for voluntary corporate actions.
