How to Tender Shares in Your Ameritrade Brokerage Account

Tendering shares in your Ameritrade brokerage account can be straightforward if you follow the correct procedures. This guide will walk you through the steps to successfully tender your shares, including understanding the tender offer, logging into your account, navigating to the tender offer section, and submitting your request. Additionally, we will cover alternative methods and tips for ensuring a smooth process.

Understanding the Tender Offer

Before you can tender your shares, it is crucial to understand the details of the tender offer. These details typically include:

The price per share for which the company is offering to buy the shares back. The deadline for submitting your tender request. Any specific instructions provided by the company.

By carefully reviewing these details, you can ensure that you are making an informed decision and that your transaction aligns with the company's requirements.

Logging In to Your Ameritrade Account

The first step in tendering shares is logging into your Ameritrade account. Here’s how to do it:

Visit the Ameritrade website. Enter your username and password to log in.

Navigating to the Tender Offer Section

Once you are logged in, you need to find the section of the platform where you can manage tender offers. This usually involves:

Looking for a section or tab labeled 'Corporate Actions' or 'Dividends'. Finding the specific offer related to the tender.

Selecting the Shares to Tender

Next, identify the shares you wish to tender. You may need to:

Select the specific stock from your portfolio. Enter the number of shares you want to sell back to the company.

Submitting Your Tender Request

After identifying the shares, follow these steps to submit your tender request:

Click on the 'Submit Tender' or equivalent button. Review all details of the transaction, including the price per share and the total value. Confirm the transaction once you are satisfied with the details.

It is crucial to carefully review all the details before confirming the transaction to avoid any errors or misunderstandings.

Checking for Updates

After submitting your tender request, keep an eye on your account and any communications from Ameritrade regarding the status of your tender offer. This can help you stay informed and address any potential issues promptly.

Alternative Methods and Tips

If you prefer to process your tender offer online through the Message Center, follow these steps:

Compose a new message in the Message Center. Select 'Reorganizations and dividends' under 'Choose a topic'. Select 'Participation offer' under 'Inquire about'. Select 'Tender offer' as the 'Offer type'. Type out instructions requesting to tender your shares, including the security name or symbol and the number of shares.

Additionally, consider:

Calling the corporate actions department at 1-888-723-8504 and selecting option 1 for assistance. Double-checking the deadline for the tender offer, as it may differ from what the company discloses. Beware of tender offer fees. For the 2018 year, the fee was $38.

Lastly, if you have any specific questions or need assistance, do not hesitate to reach out to Ameritrade’s customer service for personalized help.