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Corporate actions are events within a public company that affect its issued shares or debt. Here's how Revolut handles them and what you need to know.

Types of corporate actions

The most common corporate actions are:

• Dividends — payments made to shareholders from a company's profits
• Stock splits — increases the number of shares outstanding by splitting existing shares
• Mergers and acquisitions (M&A) — the combination of two companies into one entity
• Spin-offs — creation of a new independent company through the sale or distribution of new shares

Important dates for corporate actions

Here are the key dates that determine eligibility and timing for corporate actions:

• Declaration date — announcement by the company's board of directors regarding a significant event, such as dividends
• Record date — determines which shareholders are eligible to receive dividends or participate in other corporate actions
• Effective date — when the corporate action officially takes effect
• Ex-dividend date — the first day of trading when the buyer of a stock is no longer entitled to the most recently announced dividend payment

During corporate events or restructuring, such as mergers or spin-offs, you may receive secondary items, like rights or warrants. If these are distributed on a security you hold, we'll liquidate them into cash whenever possible, as Revolut does not currently support these security types.