Effective Monday May 9th, Questrade expects shares of Citigroup Inc. (C) will be consolidated. Any accounts holding C will be directly affected by this change, and any existing open orders are expected to be cancelled by the exchange.
What is happening to shares of Citigroup Inc?
Citigroup Inc. is expected to consolidate the common shares of its stock. The terms of the consolidation are: holders of C will receive 1 common share for every 10 common shares held. For example, someone holding 10 shares of C would receive 1 share after the stock is consolidated.
How does this affect me?...