Nothing like a stock split. It’s a preferred stock APE, it can’t have puts/calls, no shorting strictly buy and sell. If more shares are received than allocation allows, it’s an IOU and an FTD will be registered to the broker/custodian in AMC with settlement in T35. The only reason GME was messed up was because people keep refering it as a stock split, when in fact you have been screwed over.
Thanks for reply but I think it will affect my long position, being on CFD, after the dividend being another ticker called APE, let’s say for example AMC is $20, when APE gets listed will be worth $4. That means AMC would be $16. Or another example, AMC price is $20, APE gets listed at $10 so that means AMC would be $10. That means after AMC issue the dividend ( APE ) , my long position will suffer from the price changes, that’s why I would like to know what T212 will do about AMC positions on CFD. Thank you very much and hope you understand what I mean. Have a nice day !
Hey, @ADRIANN. On CFD, such events are executed as cash adjustments, meaning that you will receive payment to neutralize the negative price movement of the instrument resulting from the Spin-off. Nevertheless, as the event is still pending, we will keep you posted if there are any changes.