Back to previous page

Frequently Asked Questions

Why is there a second cash distribution payment on my account for the Vodafone / Verizon Corporate Action?

This relates to a cash distribution from your fractional entitlement.

If you chose to receive shares under the terms of the event you may have been entitled to a fraction of a share for example you may have been entitled to 18.2 shares. Under our terms and conditions a fraction of a share cannot be added to your portfolio. These fractions are sold on your behalf and any resulting cash if over the value £5 or its equivalent is added to your account.

Due to the complex nature of the event the initial distribution was added to your account in good faith, An additional distribution has been identified and credited to your account.

Did you find this information useful?

Still looking for more help ?

Our site map provides an at-a-glance overview of the whole site.

Search the site

Search the rest of the NatWest Stockbrokers site.