Question
When are corporate action adjustments applied to my account?
Answer
GainsKeeper processes most actions the night before in a nightly batch so that users can see their newly updated positions on the morning of ex-date (the date the action is effective). Mergers and spin-offs are an exception to this rule. The GainsKeeper operations team must use market values on the distribution date (effective date) to properly account for your cost and gain/loss calculations. Therefore, GainsKeeper will process mergers and spin-offs after the market closes on the distribution date. GainsKeeper will run an additional batch to process these actions, and users will be able to see the results on the evening of distribution date.