AMC Preferred Equity Dividend (APE)

[NathanBoug]

Tried to contact IG about this, no response.

I just want to know if the will facilitate this dividend properly by issuing APE shares or not.

Need to know if I need to move my shares held here over to another broker that has confirmed they will.

[PurchAce]

i was about to ask this question also.  

[NathanBoug]

Still no response by email or on here, can't get through to anyone on the phone.

I would say poor communication from IG, but its literally non existent.

[ArvinIG]

14 hours ago, NathanBoug said:

Tried to contact IG about this, no response.

I just want to know if the will facilitate this dividend properly by issuing APE shares or not.

Need to know if I need to move my shares held here over to another broker that has confirmed they will.

 

14 hours ago, PurchAce said:

i was about to ask this question also.  

Hi All,
Thanks for your posts.  IG will be booking preference shares on a 1 for 1 basis.

Thank you - Arvin

[chsiao1118]

Hi ArvinIG,

Please if you can give a further explanation on what do you mean by IG will be booking preference shares on a 1 for 1 basis?

from the SEC filing and official AMC investment relation, it says AMC will issue a special dividend via a creation of new ticker "APE" on 1 to 1 basis.

AM i correct that on 22 August when i login my account, i will see APE ticker along with the correct amount of shares? 

Please if you can explain how will it work?

Regards

[mohammadfaisal]

On 09/08/2022 at 07:33, ArvinIG said:

 

Hi All,
Thanks for your posts.  IG will be booking preference shares on a 1 for 1 basis.

Thank you - Arvin

Hi Arvin,

Will this be the same for an ISA account? Offering AMC Preferred Equity Shares for every 1 AMC share held.
To confirm this will not be a cash dividend or a re-invested dividend? Is there a setting to turn off re-invest if this is the case?
Also, will IG be facilitating the trade of these AMC Preferred Equity Shares ($APE)?
Lastly does IG have a date on when the dividend shares will be issues from IG?

Many thanks.

[ArvinIG]

19 hours ago, chsiao1118 said:

Hi ArvinIG,

Please if you can give a further explanation on what do you mean by IG will be booking preference shares on a 1 for 1 basis?

from the SEC filing and official AMC investment relation, it says AMC will issue a special dividend via a creation of new ticker "APE" on 1 to 1 basis.

AM i correct that on 22 August when i login my account, i will see APE ticker along with the correct amount of shares? 

Please if you can explain how will it work?

Regards

 

19 hours ago, chsiao1118 said:

Hi ArvinIG,

Please if you can give a further explanation on what do you mean by IG will be booking preference shares on a 1 for 1 basis?

from the SEC filing and official AMC investment relation, it says AMC will issue a special dividend via a creation of new ticker "APE" on 1 to 1 basis.

AM i correct that on 22 August when i login my account, i will see APE ticker along with the correct amount of shares? 

Please if you can explain how will it work?

Regards

Hi All,

As we are operating under a custodian model. We will reflect what the custodian receive. It has been confirmed that dividend will not be paid, you will receive one share of APE at 1:1 ratio.

''Under Share Trading with IG, shares purchased are held by Citi in a direct custody capacity.  Australian shares purchased through IG are registered in CHESS under Citicorp Nominees Pty Limited, with a CHESS Participant Identification Number (PID) 20018. They are held on the client’s behalf by Citibank Pty Ltd. UK and US shares are held by Citibank N.A. German shares are held by Citigroup Global Markets. The clients are the ultimate beneficial owners.'

Once we receive the shares from our custodian, they will be booked on your account then they will be tradeable.

I hope that it helps.

Thank you - Arvin
 

[NathanBoug]

It doesn't actually help, you're a fee charging broker.

PFOF brokers have already confirmed dates in stone to alleviate any customer fears.

All you have done here is say "well we might get it, we might not, it depends if we receive them or not."

How about do us a favour and give us a date and preferable a time we can expect receipt.

Shocked that you actually thing this is an acceptable response.

[BPTK]

I agree with you NathanBoug.

 

I will be checking I receive the APE dividend too.

 

I am still awaiting a reasonable response to whether we got the GME dividend from IG.