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How are corporate actions handled for international stocks?
For international securities, nabtrade will make corporate action elections when required for all client holdings. You will not be able to participate in voting of corporate action elections as any election will be made by nabtrade on all customers’ behalf.
To avoid unexpected cash commitments on your behalf nabtrade will usually elect to receive cash or stock (in that order) by default for corporate actions where this is appropriate.
As corporate actions may have significant variations, each will be considered on a case by case basis.
Any funds received as a result of a corporate action such as a dividend will be paid in AUD into your nominated cash account.
