Corporate Actions Services
Corporate actions are significant events initiated by corporations that directly impact shareholders, such as mergers, stock splits, rights offerings, Dutch auctions, and tender offers. These events may be mandatory (automatically applied to all shareholders) or voluntary (requiring shareholder decision-making). Ensuring timely, successful execution of these actions requires precision, adherence to issuer instructions, and effective coordination with all stakeholders.
Odyssey’s Corporate Actions Services focus on the seamless implementation of corporate actions as defined by issuers and their counsel. We provide depositary, exchange, rights offering, consolidation, redemption, and paying agent services to facilitate numerous corporate transactions. From mergers and acquisitions to stock splits and spin-offs, we ensure timely execution, compliance, and accuracy, keeping all parties informed throughout the process.
Simple, Fast, And Easy
- Consent, Docusign, and submit online
- Access by email
- Review deal-specific terms and conditions
- Complete US Tax Forms
- Select payment preferences
- Verify shareholder information
Our Services Include
- Depositary Agent
- Examine Letters of Transmittal for accuracy and completeness, assist securityholders to resolve defective tenders and return any withdrawn tenders
- Maintain a register of tenders received, provide daily reports and prepare final list of accepted tenders
- Manage online processing for the Canadian Depositary for Securities (CDS) via the CDSX system
- Exchange Agent
- Mergers and acquisitions, reverse splits (consolidations), and any exchanges required as a result of acting as Depositary or Paying Agent
- Quick and easy set up of exchanges via our service platform to provide clients with on-demand, accurate reporting
- Paying Agent
- Payments to securityholders for cash dividends and other corporate distributions using efficient, automated solutions
- EFT and wire payments
- Tax reporting and remittance services upon request
- Stock Splits, Spin-Offs, Stock Dividends
- Quick and efficient reporting on entitlements
- DRS securities are sent out quickly by email where an email address and consent is provided
- Rights Offering Agent
- Issuance and distribution of rights securities and offering materials
- Handling exercises, oversubscriptions and sales for ineligible holders
Odyssey is a full-service transfer agent and trust company with offices across Canada and the US, and Co-agents in London, Hong Kong and Australia. We make things simple, fast and easy for our clients and their shareholders.