Actually they aren't. What is showing in your account is for a future event, your account should note a contra cusip in it.
A contra account (cusip) is set up to reflect that a company will make a cash or share distribution for a future event. When they do pay it out the contra account is removed.
SDVI has given us placeholders, my original question was accurate.
*Can we expect the dividend to still occur 1 month after the end of conversion.