We track mandatory corporate actions and provide the list here.  Where we can, we add details that we have received.  Please note that many of these actions evolve over time and additional details will be added as we receive them.


September 18, 2018

UVXY 1:5 Reverse Split

We were recently notified that the ETF ProShares Short VIX Short-Term Futures (SVXY) has undergone a 1:5 reverse split. For example, for every five shares of UVXY owned pre-split, investors will receive one share of UVXY post-split. You should already see the new, post-split shares of UVXY in your account.

SVXY 1:4 Reverse Split

We were recently notified that the ETF ProShares Short VIX Short-Term Futures (SVXY) has undergone a 1:4 reverse split. For example, for every four shares of SVXY owned pre-split, investors will receive one share of SVXY post-split. You should already see the new, post-split shares of SVXY in your account.


September 12, 2018

XL Cash Merger

We recently received notice that XL Group Ltd (NYSE: XL) has been acquired by AXA. As a result, all common stockholders have received a cash payout of $57.60 per share of XL owned; in addition, the XL stock will no longer be trading. All cash distributions should already be reflected in customer accounts. 


September 6, 2018

ILG is being acquired by VAC

We have received notice that ILG, Inc. (ILG) has been acquired by Marriott Vacations Worldwide (NYSE: VAC) as of September 1st, 2018. 

All ILG stockholders will receive $14.75 in cash and 0.165 shares of VAC common stock for each share of ILG common stock owned. You should already see the distributions in your account, and no further action is needed on your part. For more information on the acquisition, please see the following press release: Marriott Vacations Worldwide Completes Acquisition of ILG, Inc.


September 4, 2018

ANDV and MPC Merger

We have received notice that as of August 3rd, 2018, Andeavor (NYSE: ANDV) and Marathon Petroleum Corp (NYSE: MPC) filed a joint definitive proxy statement and prospectus regarding the pending merger in which MPC will be acquiring all ANDV outstanding shares. The options of the merger consist of:

  1. Cash consideration of $152.27 per share (subject to proration). 22,885,359 shares (15% total outstanding) of ANDV common stock will be the total amount accepted for cash
  2. Stock consideration of 1.87 shares of MPC common stock per share

Because the merger is pending and subject to allocation and proration procedures, there is no assurance that shareholders will receive their election choices. For more information, please see the following press release: Marathon Petroleum Corp. and Andeavor announce filing of definitive proxy statement


August 30, 2018

GGP (GGP) is performing a cash merger.


August 14, 2018

Volkswagen AG Ordinary Shares ADR Termination Program (old symbol: VLKAY)

Summary

  • At the end of trading on Monday, August 13, Volkswagen AG terminated its sponsored ADR program.
  • VLKAY shares are no longer trading as there is no liquid market for this ADR.
  • Stockpile is no longer accepting or able to fill trades on VLKAY due to the lack of a market for the shares.
  • Current Stockpile clients holding VLKAY ADR will only be offered the default cash option.

Terms of the Default cash option:

On or after February 11, 2019 JP Morgan, acting as the depository, will sell the securities represented by VLKAY and distribute the proceeds for the pro rata benefit of the registered holders of the VLKAY ADR that have not be surrendered. 

More Information

August 1, 2018

Foundation Medical (FMI - F017956) - Shares of Foundation Medical were purchased by Roche for $137.00 in cash.

July 27, 2018

Quality Care Properties (QCP) performed a cash merger.  Shareholders will receive $20.75 cash per 1 share held.


July 24, 2018

Involuntary Reorganization - Helios & Matheson Analytics 1:250 Reverse Split

If you own 250 shares you now have 1 share.  We anticipate the shares may arrive in the next 2-3 business days. 

Press Release Helios & Matheson 1:250 Rev Split

July 16, 2018

Valeant Pharmaceuticals International (VRX) performed a ticker change to BHC. - Press Release

Bank of the Ozarks (OZRK) performed a ticker change to OZK. - Press Release


July 9, 2018

Keurig and Dr Pepper Announce Merger between Keurig Green Mountain and Dr Pepper Snapple Group

Stockpile accounts will be updated with the special cash dividend and the stock symbol change to KDP on July 13, 2018.

Press Release


June 18, 2018

Voluntary Corporate Action - Frequently makes less sense for Stockpile customer given the small size of position and $50 Reorg fee assessed by APEX.

Expiration Date: Wednesday, July 11, 2018 Br. Instruct. Cutoff Date: Monday, July 09, 2018 5:00 PM

Security: A045813 (ALTABA INC)

CUSIP: 021346101

Symbol: AABA


June 18, 2018

Mandatory Corporate Action

Allocation Date: Monday, June 18, 2018

Security: B026362 (BLACKHAWK NETWORK HOLDINGS INC)

CUSIP: 09238E104

Symbol: HAWK

REORG TYPE: Cash Merger

RATE: @ $45.25


June 18, 2018

Mandatory Corporate Action

Allocation Date: Monday, June 18, 2018

Security: F227999 (FINISH LINE INC-CL A)

CUSIP: 317923100

Symbol: FINL

REORG TYPE: Cash Merger

RATE: @ $13.50

June 15, 2018

Mandatory Corporate Action

Allocation Date: Friday, June 15, 2018

Security: T011724 (TIME WARNER INC)

CUSIP: 887317303

Symbol: TWX

REORG TYPE: Cash and Stock Merger

RATE: Cash 53.75 & Stock @ 1.437 of ATT (symbol: T)

Time Warner stock ceased trading as of the close of business June 14, 2018. Holders of Time Warner stock will received Cash 53.75 & Stock @ 1.437 of ATT (symbol: T). 


June 15, 2018

Mandatory Corporate Action

Security: L013032 (LAYNE CHRISTENSEN CO)

Symbol: LAYN

REORG TYPE: STOCK MERGER

RATE: @ 0.27

Layne Christensen Company (NASDAQ: LAYN) ("Layne" or the "Company") announced that its merger with Granite Construction Incorporated (NYSE: GVA) ("Granite") has now been completed. As a result of the transaction, Layne's common stock will no longer be traded on the Nasdaq Stock Market, effective immediately. One share of Layne shares are being exchanged for 0.27 Granite shares.

June 11, 2018

Mandatory Corporate Action

Security: A046464 (ARO LIQUIDATION INC)
CUSIP: 00215Q103
REORG TYPE: POSITION DELETION AS WORTHLESS
RATE: :  @ 0.00


June 7, 2018

Bayer completed the acquisition of Monsanto on June 7, 2018. Bayer is now the sole owner of Monsanto.

Security: M006754 (MONSANTO CO)

CUSIP: 61166W101

Symbol: MON

REORG TYPE: CASH MERGER

RATE: @ $128.00, one share of Monsanto would receive $128. Fractional shares will receive the cash equivalent to their fractional share.

For more details you can visit:

https://monsanto.com/news-releases/monsanto-shareowners-approve-merger-with-bayer/



June 4, 2018

Starting June 4 the follow "Original Name" ETF's will change to the Invesco branded under the "New Name" column.

Tickers: Unchanged

CUT and DBC will be added as new securities as these ones added by a position transfer. 



May 25, 2018

(WINDSTREAM HOLDINGS INC)

Mandatory Corporate Action

Allocation Date: 25th MAY, 2018

Security: W012388 (WINDSTREAM HOLDINGS INC) Old Cusip #: 97382A200

Type:  Reverse split into 97382A309

Rate: 1:5

Note: The symbol will remain


May 24, 2018

Allocation Date: Thursday, May 24, 2018

Security: L323457 (LEUCADIA NATIONAL CORP)

CUSIP: 527288104

Symbol: LUK

REORG TYPE:  NAME CHANGE

RATE: @ 1


May 18, 2018

Allocation Date: 18 May.  2018

Security: S012318 (***STATOIL ASA)                      

Cusip#:  85771P102

Type: 1:1 NAME CHANGE INTO 29446M102

Stock Rate:  @ 1


May 18, 2018

PRoShares ETF share splits

The below securities will undergo reverse splits effective 5/24. On the evening 5/23, investor accounts will be adjusted overnight with new positions.  Any reports that are created prior to the adjustment will not reflect the post-split positions. The trading symbols will not change.

The below securities will undergo forward splits with an ex-date of 5/24. The accounts will be adjusted with the split shares on the morning of the ex-date.

May 17, 2018

Allocation Date: Thursday, May 17, 2018

Security: E002116 (ELEVEN BIOTHERAPEUTICS INC)

CUSIP: 286221106

Symbol: EBIO

REORG TYPE: Name Change

RATE: 1

Mandatory Corporate Action


May 16, 2018

Allocation Date: Wednesday, May 16, 2018

Security: R023641 (REAL INDUSTRY INC)

CUSIP: 75601W104

REORG TYPE: BANKRUPTCY DISTRIBUTION

RATE: @ 0.0050

Mandatory Corporate Action


May 4, 2018

Allocation Date: Friday, May 04, 2018

Security: M051943 (MULESOFT INC)

CUSIP: 625207105

REORG TYPE: Cash and Stock Merger

RATE: CASH @ $36.00 & STOCK  @ 0.0711

Mandatory Corporate Action

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