If a shareholder holds fractional shares of a security as of the security’s record date, regardless of how many shares they own, the shareholder is eligible to participate in voluntary corporate actions and vote their proxy ahead of the upcoming meeting and their experience is identical to that of full share position holders.
In voting, the fractional position voted is added to the aggregate vote total for the security before sending the aggregate vote record to the company’s tabulator. Each tabulator may follow differing policies for counting fractional share positions, and therefore it is possible that a tabulator may follow certain rounding practices or discard fractional amounts in certain circumstances.
You may receive an email notification to submit your response on voluntary corporate actions or voting rights from syfe@saytechnologies.com.