06-10-2015, 09:40 AM
(06-10-2015, 06:34 AM)benjamen Wrote: First I recieved "SOUTH32 ADR WI (AUSTRALIA) SPIN-OFF"
Second, I was charged "BHP BILLITON PLC (BRITAIN) ADR FEE SPIN-OFF TO SOUHV R/D POS AS OF 05-20-15"
Got the same at TDA. Messaged customer service. This is the reply I got:
In reference to your inquiry concerning the ADR fee that was charged to your account. I have included some additional information regarding this fee. An ADR fee is an Administrative Fee and may be passed through from the ADR administrator to clients holding an ADR in their account.
- The fee is normally $0.01 to $0.03 per share per year.
- The fee is often taken out of a dividend, but may be charged outright as a "pass-through fee".
- The fee is often found listed in the prospectus for the issue.
- The fee is not charged by TD Ameritrade.
- The fee is charged by the ADR agent, not the company. Since this fee is not charged by TD Ameritrade, it cannot be credited back to the client's account because it is a "pass-through" fee.
- The security is often listed in the description to indicate which ADR the fee pertains.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan