Corporate actions can change the securities or cash in your investment account without you placing a trade yourself. Examples include stock splits, reverse splits, mergers, acquisitions, spin-offs, and other issuer-related events.

Silo and its brokerage partners coordinate the handling of eligible corporate actions so that your account can be updated based on the terms of the event.

1. Are Corporate Actions Handled Automatically?

For supported corporate actions, the applicable processing is generally handled through the brokerage infrastructure rather than requiring you to manually place a trade.

This means you typically do not need to manually adjust your position when a standard corporate action occurs.

The exact treatment depends on the specific event and its terms.

2. What Happens During a Stock Split?

In a stock split, the number of shares you own and the price per share are adjusted according to the split ratio.

For example, in a hypothetical 2-for-1 split, an investor holding 10 shares would generally receive 20 shares after the split, while the market price per share would adjust accordingly.

The overall market value is not automatically doubled simply because the number of shares changes.

3. What Happens During a Reverse Stock Split?

A reverse stock split works in the opposite direction. The number of shares may decrease while the price per share adjusts upward according to the applicable ratio.

If a fractional share results from the corporate action, the applicable brokerage procedures determine how that fraction is handled.

4. What Happens During a Spin-Off?

A spin-off occurs when a company distributes shares of a separate company to existing shareholders.

If the spin-off is eligible and supported, the resulting securities may be added to your account according to the terms of the corporate action.

The timing and treatment can vary depending on the issuer and the specific event.

5. Will I Need to Contact Silo Support?

For a standard corporate action, manual support intervention may not be necessary.

However, you should contact Silo Support if:

• Your account does not reflect an expected corporate action.
• Your share quantity appears incorrect.
• A resulting security or cash payment is missing.
• You do not understand an adjustment to your position.
• The corporate action involves an unusual or complex transaction.

Support can review the account and help determine how the event was processed.

6. How Long Do Corporate Actions Take?

There is no universal processing time for every corporate action.

The timing can depend on the issuer, the type of event, the effective date, and processing by the brokerage and other financial institutions involved.

Your account may not update immediately when the corporate action is announced. Processing generally occurs based on the applicable event dates and finalized information.

Conclusion

Silo is designed to handle eligible corporate actions through its brokerage infrastructure, so customers generally do not need to manually adjust their investments for standard events such as stock splits.

However, corporate actions can vary significantly. If an expected adjustment, new security, or cash payment does not appear in your account after the applicable processing period, contact Silo Support so the transaction can be reviewed.