Participating investors loan their securities to our clearing firm, Apex, who then loans the securities to other market participants. The revenue collected from these loans are split between Apex, Zingeroo, and you. You will earn 10% of the total interest revenue.
Some things to consider, but please consult your tax and financial advisors for guidance:
- You may receive cash in lieu of dividends
- You forfeit any voting rights on the loaned shares
- You increase your income by earning interest
- You still own these shares so you have the same investment risk and can sell the share at any time
When you are approved for a Zingeroo account, you have agreed to participate in the securities lending program. To opt-out please contact firstname.lastname@example.org.