Good information pertaining the name change. Corpo

Good information pertaining the name change. Corporate actions take time to settle as the company that initiated the corporate action has to distribute the ‘new’ shares to replace the ‘old’ shares. As part of Questrade’s prudent risk management policies, we typically do not distribute the new shares or update your account until Questrade has received these ‘new’ shares from the company.

Once we received the new shares from the company, we will put in in your account position overnight. Generally this type of corporate action takes 2-3 weeks to process.

However, if it is your intention to trade the shares before it has been updated in your account, you will have to contact our trade desk at 1 866 980 9590. Please be advised of the following risks involved if you intend to undertake this action:
1. If market conditions change, you are responsible for ANY loss that results.
2. You will take a long position in the ‘old’ shares and a short position in the ‘new’ shares, creating a long-short position. If the clearinghouse decides to issue buy-in notices, you will be forced to cover the short position at current market prices.
3. Due to the long/short position, you may be in a margin call and it can only be corrected manually. Your trading may be delayed.
4. Your buying power may not reflect true and real-time values.