Corporate Actions Services in Canada
Our services include:
Depositary Agent
- Full range of depositary services including offers to purchase, issuer bids, plans of arrangement and more unique, tailored programs such as odd lot buy/sell programs
- Examine Letters of Transmittal for accuracy and completeness, assist securityholders to resolve defective tenders and return any withdrawn tenders
- Maintain a complete register of tenders received, provide daily reports and prepare a final list of accepted tenders to designated individuals
- Handle online processing for the Canadian Depositary for Securities (CDS) via the CDSX system
Paying Agent
- Payments to securityholders for cash dividends, and other corporate distributions using efficient, automated solutions that maximize securityholder convenience
- Includes EFT and wire payments
- Tax reporting and remittance services upon request
Rights Offering Agent
- Issuance and distribution of rights securities and offering materials
- Handling exercises, oversubscriptions and sales for ineligible holders
Exchange Agent
- Services include mergers and acquisitions, reverse splits (consolidations), and any exchanges required as a result of acting as Depositary or Paying Agent
- Exchanges are set up quickly and efficiently on our service platform to provide clients with on-demand, accurate reporting
Stock Splits, Spin-Offs, Stock Dividends
- Odyssey’s automated system for stock splits, dividends and spin-offs allows us to quickly provide a report of the entitlements based on any rate and fractional handling and execute on the delivery of securities on the effective date with the push of a button
- DRS securities are sent out quickly by email where an email address and consent is provided
