Throughout October we will be completing a series of steps to correct and improve Corporate Actions processing within Portfolio. Corporate Actions include:
- Splits and Reverse Splits (Consolidations)
- Mergers and Acquisitions
- Spin-offs and Redemptions
Presently all Canadian and US dividends paid after January 1, 2019 are now correctly marked and logged on the Pay-date. The next step will be to retroactively apply Pay-dates back to January 1, 2018 (these are currently marked on the Ex-date). This work will also result in improved handling of Splits and Consolidations.
Minor valuation changes due to the correct usage of Pay-date versus Ex-date will be automatically applied to your holdings and no action is required.
When this is complete, we will undergo programmatic processing of Mergers, Spinoffs & Redemptions. This is presently handled manually and error-prone. Due to the nature of these events, this is also the most challenging.
Globe Investor thanks you for your patience as we conduct this data improvement work necessitated by the product upgrade in summer 2018.
Note: as an intended consequence of this work, it is possible longtime Globe Investor Portfolio users with data prior to 2018 could notice variances in their holdings with respect to dividends. Data from 2018-onward is sourced from Electronic Data Interchange (EDI), whereas legacy products used a several different sources and data was migrated verbatim.