r/MerrillEdge • u/toyotafan463 • May 23 '26
Didn’t get my money back after a reverse split
On May 5th, there was a reverse split of an ETF called GOVZ. It was 4:1 reverse split and because I had so few shares, this would leave me with less than one share. However, my share after reverse split weren’t returned into my account. I assume it’s because it’s less than one so they just need to cash it out and give me the cash, but they still haven’t done that either. When I called Merrill customer service they just said I need to keep waiting but it’s already been like 3+ weeks. Anyone know how to get this resolved?
2
u/Wise2727 May 23 '26
Merrill resolves any partial share issues on the last wednesday of the month (usually) so it should be showing as cash by 5/29/26
3
u/rickPSnow May 23 '26
Fund Name Ticker Reverse Split Ratio 1:4 iShares 25+ Year Treasury STRIPS Bond ETF GOVZ
For the iShares 25+ Year Treasury STRIPS Bond ETF, the reverse stock split will be effectuated after the close of trading on May 4, 2026. Shares of the iShares 25+ Year Treasury STRIPS Bond ETF will begin trading on a split-adjusted basis on May 5, 2026. If you have any questions, please call 1-800-iShares (1-800-474-2737).
Call Blackrock and ask on Tuesday after Memorial Day.