2Yr·

I just received, for whatever reason, a deposit with ISIN ES06445809P3 at Scalable. It concerns $IBE (-0.47%) Entitlements. What exactly can I do with it ;)

#iberdrola
#anrechte
#dividende
#scalablecapital

30 Comments

Zoro@RoronoaZoro

2Yr

Iberdrola pays the half-year dividend in the form of subscription rights. The booking of the subscription rights is considered an inflow for tax purposes and is therefore subject to capital gains tax. With some brokers, these subscription rights can be traded, but as far as I know, the booking is obligatory and takes place at a ratio of 60:1 https://www.iberdrola.com/shareholders-investors/shareholders/dividends-iberdrola-retribucion-flexible

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Christian@Stereomane

2Yr

@RoronoaZoro Okay. That sounds plausible. What do I do with it now? I have no idea.

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Zoro@RoronoaZoro

2Yr

@Stereomane You have 2 possibilities as far as I can see: 1. you buy so many subscription rights on the market that you have 60, because 60 BR are 1 share. Your broker should then credit you with 1 share 2. you sell your BR on the market, so that other market participants can fill up the 60 BR.

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Deleted User

2Yr

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Zoro@RoronoaZoro

2Yr

@D-Duck I think you don't get the possibility to give an instruction with Iberdrola, at least with most German brokers, like Scalable here, but on e.g. Consor doesn't give you the possibility to do so as far as I'm informed.

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Deleted User

2Yr

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Zoro@RoronoaZoro

2Yr

@D-Duck I just do not quite understand what you want to get at 😅

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Christian@Stereomane

2Yr

Okay, Scalable has not told me anything about this. I wait now times, what the support writes. Possibly the instruction can be given for the future or another option is offered. In case of need I have to transfer the whole thing to a "premium broker", such as comdirect etc..

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Dividende > Zinsen@GoDividend

2Yr

@RoronoaZoro @Stereomane The PDF for the instruction is already in the mailbox at Baader Bank. Feedback until 13.01.

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Christian@Stereomane

2Yr

@GoDividend Good keyword. I logged in once and a cash dividend is actually supposed to be paid out. There are no to dos from my side.

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Pat R.@Pepkolino

2Yr

@RoronoaZoro In the past, it was always the case that I did not have to take any action. After the deadline, I received the shares in full or in fractions.

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m4xxx3_@m4xxx3_

2Yr

I have also booked ES06445809P3 for it. Let's see what comes out.

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Kobe (.@TheDividendCollector

2Yr

Nothing other than either keep them or sell them, this decision is yours alone. Only the fractions will be sold for you by the broker, unless you have a savings plan for Iberdrola.

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Christian@Stereomane

2Yr

@TheDividendCollector I'll wait and see. A savings plan is currently running for $IBE until my current investment target is reached.

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Timqu002@Timqu002

2Yr

What happens if you do not have a full 60 shares in Iberdrola? And you do not submit the notice?

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Kobe (.@TheDividendCollector

2Yr

@Timqu002 if you have the title already before the ex-date in the deposit, the 60 shares are booked retroactively, because booking applies to every shareholder of Iberdrola. This is probably because the broker was too slow than the others. If you buy the title after the ex-date, you will not receive anything booked.

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EstInvest@Nubless

2Yr

@Timqu002 if you do not submit a notice and have less than 60 subscription rights, they will be sold by the broker.

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Christian@Stereomane

2Yr

Small update: The instruction via PDF was successful. A cash dividend has now been paid and the entry is now without value. Let's see if it will be derecognized at some point.

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Deleted User

2Yr

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Christian@Stereomane

2Yr

@D-Duck Apparently Scalable then made this decision for me. The right is currently not tradable.

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Deleted User

2Yr

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Christian@Stereomane

2Yr

@D-Duck I can even imagine that. Just checked the chat and it is passed on to the "experts" at Scalable. If the whole thing was tradable, then I would just sell.

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