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.
Our Services Include
Odyssey Corporate Actions Event Portal
- Online portal for shareholders to quickly and efficiently submit letters of transmittal, tax forms and payment instructions
- The platform can be used for exchanges resulting in cash or share entitlements
- Client dashboard for reporting shareholder activity
Exchange Agent
- Mergers and acquisitions, reverse splits, and any exchanges required as a result of acting as Depositary or Exchange Agent
- Quick and easy setup of exchanges via our service platform to provide clients with on-demand, accurate reporting
- Distribution of share entitlements including cash in lieu of fractional shares
Paying Agent
- Payments to securityholders for cash dividends and other corporate distributions using efficient, automated solutions
- Public and private mergers and acquisitions where shares are exchanged for cash entitlements
- Check, ACH, and wire payments to securityholders
- Tax reporting and remittance services
Depositary for Voluntary Corporate Actions
- 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of Transmittal for accuracy and completeness, assist securityholders to resolve defective tenders and return any withdrawn tenders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 tenders received through the Depository Trust Company (DTC)
- Calculate cash and/or share entitlements and make the required distributions
Stock Splits, Spin-Offs, Stock Dividends
- Distribution of shares based on record date positions, including cash in lieu of fractional shares
- Delivery of account statements and checks promptly following the distribution date
- Tax reporting as required for the event
Rights Offering Agent
- Distribution of rights offering materials to eligible shareholders
- Handling subscriptions, exercises, and related funds movements
- Issuance of securities as required
Corporate actions are events initiated by companies that impact shareholders. Common types include mandatory actions like dividends, stock splits, mergers, or spin-offs. Voluntary actions, such as tender offers or rights offerings, require shareholder decisions. Corporate actions are essential for managing capital, distributing profits, or restructuring. Working with a transfer agent that delivers effective communication and precise execution of corporate actions is critical to ensure accuracy, compliance, and smooth interactions between issuers and shareholders.
The exchange agent or paying agent facilitates the process of exchanging securities, particularly during mergers and acquisitions, by managing the surrender of shares from an acquired company and distributing the merger consideration to entitled shareholders.
A Rights Offering Agent facilitates the operational and administrative aspects of a rights offering, including distributing rights to shareholders, managing subscriptions, and ensuring the successful execution of the offering according to the issuer’s terms.
Odyssey is a full-service transfer agent and trust company that makes critical, complex aspects of corporate actions simple, fast, and easy. We specialize in the efficient execution of corporate actions by collaborating closely with issuers and their counsel to ensure each transaction is carried out accurately, on time, and in compliance with all requirements.
Our expertise includes tax reporting, payment distributions, share exchanges, rights offerings, and more. By handling the operational complexities of corporate actions, we allow issuers to focus on strategic goals while ensuring smooth, compliant outcomes for corporations and their shareholders.
Learn more about the many Services we provide to our clients and view Our Team.
