Need a hand?

As long as your shares are lent, the share borrower controls the voting rights of the shares.

Your lent shares are not covered by SIPC insurance. Instead, the borrower is required to post collateral equal to 102% of the value of the shares to guarantee the loan.

Dividends are initially paid to the borrower of the stock and then sent to you. This is known as a manufactured dividend. Manufactured dividends may have different taxable consequences. If you’re unsure or have questions, please consult with your tax advisor.

Your current loan status won’t impact your ability to sell. Selling your shares while they are being lent will simply terminate the loan, and you won’t accrue any further interest.

When you enable fully-paid stock lending, you’re unable to choose which of your stocks are considered for lending. There’s also no guarantee that your stocks will be lent.