The CAP Advantage

Whether you need daily corporate action information to book or maintain securities accounts or report tax information, or need historical information to prepare gain/loss statements or track corporate histories, you should choose Capital Changes for your corporate actions needs. We have several important attributes that help us provide you with a level of quality information unmatched in the industry.

U.S. and International Coverage:

• Market-leading collection of transactions covering U.S. publicly traded equities, bonds, derivatives, and REITS; global shares and ADRs traded in the United States; securities traded on stock exchanges in Canada, the United Kingdom, Australia, Ireland, New Zealand, Scandinavia, and South Africa; and expanding coverage of other listed/traded securities, including major European and other markets
• A wide variety of corporate action event types including 

• Announcements

  Bankruptcies

  Cash mergers

  Cash purchase offers

  Combination mergers

  Consent solicitations

  Conversions

  Demergers

  Distributions

  Exchange offers

  Liquidations

  Mergers/elections

  Name changes

  Recapitalizations

  Redemptions

  Reorganizations

  Reverse stock split

  Return of capital

  Rights offerings with basis allocations

  Schemes of arrangement

  Spin-offs

  Stock dividends

  Stock splits

  Tender offer

  Vital details on U.S. and international securities, including U.S. tax consequences and the local country tax impact when available

Accuracy and Consistency:

• Basis Factors calculated consistent with U.S. Internal Revenue Code
• Fair market values needed to determine gain/loss on taxable transactions 
• Research, analysis, and verification of primary source data
• Extensive review of all transactions prior to publication

In-Depth and Comprehensive Data Analysis:

• Transaction and tax opinion concisely summarized and explained
• Commentary on U.S. taxability for guidance
• Tax Comments providing brief tax code explanations when needed
• The only available source for basis allocation in most rights offerings (Including those where the rights are not traded)

Insights on Complex Transactions:

• Editors with legal tax and accounting backgrounds bring extensive experience
• Editors are available for client consultations to discuss corporate actions and analysis

Timely Reporting:

• Daily e-mail notifications of corporate actions that impact your business operations and clients' portfolios
• Preliminary basis allocations and fair market values on effective date
  

A Trusted Source for More Than 65 Years:

• Complete histories of more than 100,000 companies, some spanning over 100 years
• The U.S. Internal Revenue Service has been a Capital Changes customer for several years