wpg dividend reduced to 95.5 cents per share!

  1. JHW
    3 Posts.
    I received an email from Interactive Brokers as follows:

    "Oct 26, 2011

    WPG RESOURCES LTD - Return of Capital Paid in Error

    On October 25, 2011, IB processed a Return of Capital allocation of WPG Resources Ltc. (symbol WPG). We have been informed by the Depository that the allocation was was processed in error due to an invalid payable date. The anticipated payable date has been updated to November 1, 2011.

    Due to the payable date adjustment, IB will be reversing the issue in your account shortly. Once the correct allocation is received, the issue will be processed in your account. Please review your account and manage any open risk associated with the processing of this action.

    Regards,

    Interactive Brokers Customer Service"

    IB have now done this reversal and replaced the $A1.05 dividend receivable per share with only $A0.9555 per share! I've written and complained to IB but have not received any reply. Has anyone else had this happen to them? Would really appreciate any feedback, and if you have the same problem please get onto IB now, since the dividend is due to be paid in the next few days. John
 
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