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What is happening to dividends and stock split proceeds on positions held before the conversion process?

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What is happening to dividends and stock split proceeds on positions held before the conversion process?

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In the event you are due to receive dividends or other proceeds on a particular security and the record date is prior to the conversion, the money will be paid to your NBCN, Inc. account and will appear on your monthly statement issued by NBCN, Inc. Periodically, those dividends and any other residual deposits will transfer over to optionsXpress and you will see them as credits in your online account after the dividend pay date, generally on a monthly basis.

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