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  • Create the announcement for the corporate action record with the Mandatory/Voluntary Indicator field set to Voluntary
  • Once the record is in the system, you must elect to participate in the action using the Add Voluntary Corporate Election option


Corporate Action Announcement Type Definition
Assimilation The completed distribution of a new securities issue to the public.
Calls/Puts/Refunds A bond that can be redeemed by the issuer prior to its maturity. 
Cash Dividend A payment of cash in the same company.
Cash in Lieu Payments made to investors who received fractional shares as a consequence of stock splits, corporate mergers, and reorganizations.
Cash Tender To surrender shares in return for cash payment.
Dividend Reinvestment The option to reinvest the original cash dividend to purchase additional shares of the same company.
Dividend Reinvestment Position Percentage  Allows you to make a fund election that will support any DRIP corporate action notification and not require an election.
Exchange Offer An offer by a firm to its shareholders to exchange one security into a fixed number of shares of common stock or other debt security.
Final Factor The process of repaying a portion of an outstanding loan balance.
Merger (FMV Price)  
Merger (FMV Rate)  
Name Change Change in security reference data such as a security identifier and/or security description.
Nominal Value decrease Nominal value changes with compensation are the reduction of cost basis.
Partial Pre Refunding Issuing a longer maturity bond in order to pay off an earlier bond to take advantage of a drop in interest rates.
Payment in Kind Bond A type of bond that pays interest in additional bonds rather than in cash.
Payment in Kind Preferred 
 
A dividend payment in the form of additional shares.
Redenomination of Bonds 
 
Converting of quantity and par amount of all debt securities
Return of Capitol  
Rights/Warrants Exercise  
Rights/Warrants Redemption   
Share OfferTo purchase shares in the same or different company.
Share/Cash Tender To surrender shares in return for shares and/or cash of the same or different company.
Sink Schedule  A means of repaying funds that were borrowed through a bond issue.
Spin Off FMV Price  
Spin Off FMV Rate  
Stock Dividend 
 
 A stock dividend is a payment of additional shares in the same company.
Stock Split 
 Trains  Underlying Collateral Coupon Reinvestment  Unit Separations/Unit Splits  

Assimilation

 A stock split increases the number of shares in the same company.
Trains A basket of investment grade bonds.

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Of a bond falls out of the investment grade category, it is either liquidated from the trust, or delivered to the investor.
Underlying Collateral Coupon Reinvestment The repurchase of outstanding shares (repurchase) by a company in order to reduce the number of shares on the market.

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Unit Separations/Unit Splits The separation of two securities in which more than one class of securities is traded together. A unit is usually comprised of a warrant and another debt security. Cost is allocated from the old security to the new security, and interest is distributed from the old debt security to the new debt security.