OTC listing

[redbeetle]

My shares are about to be moved from a NASDAQ listing to an OTC listing. If I choose not to sell what happens to my funds given that IG doesn't deal in the OTC index?

[KoketsoIG]

3 hours ago, redbeetle said:

My shares are about to be moved from a NASDAQ listing to an OTC listing. If I choose not to sell what happens to my funds given that IG doesn't deal in the OTC index?

Dear @redbeetle,

Thank you for reaching out to us! If a stock has been delisted from the exchange but continues to trade OTC (over the counter), the stock's status would change to 'call to close.' This means the stock is now only available for phone dealing. If you wish to close the position, please give our helpdesk a call. If not, the stock will remain in your account, and there is nothing that can be done from IG's side. However, the only option might be to transfer it out to a broker that can accept the stock (share dealing only).

In terms of the funds, if you are referring to the stock value, please note that voluntary delisting also affects the stock value. 

Thanks,

KoketsoIG