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A corporate action is an event carried out by a listed company that can impact its structure or investment value, therefore being relevant to its shareholders.

Corporate actions are typically approved by the company's board of directors, but some may require the response of shareholders, where they may be permitted to vote.

The most common type of corporate action events with trading are: 

• Dividend/distribution payments 
• Dividend Reinvestment Plans (DRPs)
• Stock splits
• Stock consolidations/Reverse stock splits
• Unmarketable parcel share sale facility
• Mergers and acquisitions
• Buy-backs
• Rights issues 

Stake will handle certain corporate actions on your behalf, such as dividends and stock splits. However, when you are required to do something or take an action in respect of a corporate action, you will need to liaise directly with the applicable share registry, proxy partner, or contact the Issuer directly. 

It is recommended that investors approach such opportunities with caution and perform their due diligence before making an investment decision. Investors should also seek independent financial, legal and tax advice before proceeding.

Stake may use reasonable endeavours to assist you, however we do not guarantee that this will be possible in all instances. If you have any questions feel free to reach out to the customer support team here.