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Wednesday, May 13, 2020 2:44:42 PM
Thank you for reaching out. Please see the information below regarding the BRKK reverse spllit:
BRK INC. is undergoing a reverse split at a 1 for 1,000,000 ratio.
NEW CUSIP: 05575C305
NEW Ticker: BRKKD
Fractional shares: Round up to the nearest whole share.
Please note: No shareholder will receive less than 100 post-split shares. On allocation date, fractional shares will be rounded up to the nearest whole share.
When/if a shareholder ends up with less than 100 post-split shares, additional shares to bring a shareholder account up to the minimum 100 shares will be processed upon receipt from the agent. (delivery of these additional shares can take up to a month)
EXAMPLES:
1) Shareholder holds 2,526,155 shares.
Shareholder will receive 2 shares. (=2,526,155/1,000,000) + 1 round-up share = 3 shares allocated on allocation date.
Upon receipt from the agent, TDA will allocate the additional 97 shares to bring the shareholder account to the minimum of 100 shares.
2) Shareholder holds 455,660,000 shares.
Shareholder will receive 455 shares (=455,660,000/1,000,000) + 1 round-up share = 456 shares allocated on allocation date. No additional shares will be allocated.
In example #1, additional 97 shares will be allocated to bring the total post-split shares to 100.
In example #2, the post-split shares are more than the 100 minimum, so no additional shares will be allocated.
Anticipated swing date: 05/12/2020
We trust that we're meeting your needs today. If not, let us know. Your satisfaction with our service is very important to us. We look forward to hearing from you, and being able to help you, now and for years to come.
Best Regards,
Patrick M
Client Services
TD Ameritrade
1-800-669-3900
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