Idea Details

 

Add Non-Accruing

Last activity 06-17-2024 13:35
Carley Peterson's profile image
By: Carley Peterson
04-27-2023 06:41

As an option in the share class manager under dividend accrual should add non-accruing as an option. Many of our clients have a non-cumulative non-accruing dividends. 


Comments

06-17-2024 13:35

Hi @Carley Peterson, my name is Priscilla and I am one of our business partners here at Carta. I wanted to touch base with you on this one, as it looks like we need to understand a few things. When you say that the dividends are  non-accruing, how do you opt for paying these dividends?

In Carta, when a dividend is non-accruing there is nothing that we should show in either certificate modal or reporting (no dividends accruing), so in Share Class Manager the option is to make them "Cash" dividends. Selecting cash will allow you to not have to enter the rest of the information (as @David Wieseneck put, leave the rest blank).

Hoping to get some for thoughts from you on this so that we can clarify this in the product as well.

06-06-2023 05:53

@Carley Peterson - can you just leave it blank? That's what we do.

04-27-2023 12:59

Thanks for sharing, @Carley Peterson ! I'll make sure that this gets to our Product team for review.