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AINV Reverse Stock Split - Fractional Shares

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Guest LLD

Hi,

AINV executed a 1 for 3 reverse stock split. My position did not split evenly by 3 and I cannot see how this fractional share has been treated, so I am not seeing any difference between the new holding for a person who held 800 shares versus a person who held 798, they both now hold 266 shares. 

If anybody is in the same position or has had this before with IG I would be interested to hear your understanding of the treatment. AINV itself is paying cash for fractional shares and cancelling them, I believe.

Thanks

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Hi,

Same question. How are fractional shares from the reverse stock split being treated by IG?

Thanks

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