FRACTIONAL SHARES DISCLOSURE
Orders for Fractional Shares
DASTA Financial, LLC (“DASTA Financial”) will not accept dollar-based orders less than $1.00 per security included in a portfolio. DASTA Financial only accepts market orders for fractional shares and does not permit limit orders for fractional shares.
Liquidity and Transferability of Fractional Shares
Fractional shares are illiquid outside of DASTA Financial. Fractional shares cannot be transferred to another brokerage. If you would like to transfer your portfolio to another brokerage via ACATS, all whole shares will be transferred in-kind and any fractional shares will be liquidated and the cash proceeds transferred out.
Rounding
All securities purchased by you via DASTA Financial are custodied by Apex Clearing Corp. (“Apex Clearing”). Apex Clearing rounds your fractional share holdings to the fifth decimal place. Apex Clearing rounds value of fractional shares and any dividend paid on a fractional share is rounded to the nearest cent.
Voting
You may vote your fractional shares. Apex Clearing aggregates any proxy votes for DASTA Financial customers, and reports those votes to the issuer or the issuer’s designated vote tabulator. Your votes may not be counted by the issuer or its designated vote tabulator.
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