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Investors & landlords
In addition to the date affecting whether a security is covered or non-covered, corporate actions, such as stock splits, stock dividends, and redemptions, can result in additional shares for the investor which are non-covered shares.
Shares in accounts that use the average cost method to determine basis are also non-covered. DRIP accounts are an example of this.
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‎February 27, 2023
12:07 PM