What is a Dividend in Lieu?
With securities lending, the borrower will receive the dividend on the security they are borrowing from the lender.
The borrower then pays the lender the same amount of money. This is “Payments In Lieu of Dividends”, or “Dividends in Lieu”.
The amount of money being received by the lender is the same, but may be taxed differently than a regular dividend. If you have more questions about the tax implications, we recommend you contact a tax advisor.
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We at Stash are legally required to send our clients statements for their account(s) in any month in which there was any activity or funds in the account. If you believe you should not have received a statement, log back into your account to see if your accounts are fully closed and… If you are fully closed with no funds in any of your account(s): Since your account is now fully closed and unfunded this would be your final statement.…
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The way we initially attempt to charge the fee differs. We’ll try to pull from your Portfolio cash, linked debit/credit card, or Stash Banking1 balance first. If that doesn’t work, then we’ll sell a portion of your holdings in your Personal Invest Portfolio to cover the fee.…
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