If you set up your Kapitall Generation account under Dividend Reinvestment, then you may have fractional shares in your brokerage portfolio. Fractional share orders are not accepted; to sell out of a position with fractional shares, you must enter the order to the nearest whole share integer. The fractional remaining amount (less than 1.00) will be liquidated automatically on the third business day from the date of the trade, to the cash equivalent based off of the price you received on the whole share order quantity. The fractional share proceeds will reflect in your Total Cash and Available Cash values within 1 business day after it is liquidated.
There are no fees or separate trade commission incurred for liquidating your fractional share. It is done automatically through our clearing firm, Apex Clearing Corp.