Hi Toofuzzy,
I got an email from IB telling me how much income I missed by not participating. The same email had a link to information about it and how you can start the program. In the case of IB, you have to change a setting on the account management website. To stop participating in the program you undo that same setting.
There is no difference in tax(dividend tax). Dividend tax is returned to me by the dutch tax system anyway, this is dependent on the tax treaty between a country and the us, for some countries there is a difference in tax.
I cannot refuse to have shares lent other than not participating at all and then i wont get rental income. I always saw those payments in lieu of dividend , and I guess that IB got 100% of the rental income.
Just started with it, so hope to get to know which ETFs do well in this scheme. There are people trading ETFs, looking at both options and at lending, to see if that ETF is ok to trade.
Best, K
