Can I accept a buyback or takeover through my CommSec Margin Loan?
Yes, CommSec Margin Lending clients can accept a buyback or takeover through their Margin Loan. Eligible shareholders will normally receive the acceptance forms from the company’s share registry. If you have not received your forms, you should contact the share registry to confirm your eligibility.
Required documents: please attach a copy of the completed acceptance form along with a signed cover letter containing your loan number and your request to accept the corporate action through your margin loan. You can send the documents via:
Subject line: Attn. ML Corporate Actions
marginloan@commsec.com.au
Post
Attn: ML Corporate Actions
Locked Bag 34
Australia Square
NSW 1215
To avoid duplication, please send your request using only one of the above methods.
Note: In some cases, the terms of the takeover/buyback offer may result in a removal of the collateral value of the affected stock. This may result in an increase of your Loan-to-Security ratio, potentially placing you in buffer or margin call. The overall effect will depend on your level of diversification. For further information, contact us on the details below.
Final acceptance is at the discretion of the company undergoing the corporate action. All clients who participate should check with CommSec prior to the closing date of the offer to confirm their acceptance request has been processed.
For any further information about accepting a buyback or takeover through your CommSec Margin Loan, please contact the Margin Lending desk on 13 15 19 or +61 2 8397 1206 if calling outside Australia (Monday to Friday, 8am to 6pm, Sydney time).
