Understanding Corporate Actions on FSM Global: A Step-by-Step Guide to Subscriptions

Introduction

Corporate actions are a key part of investing, yet they are often overlooked or misunderstood by many investors. These events—initiated by companies or REITs—can have a direct impact on your portfolio holdings, cash position, and long-term returns.

From rights issues to preferential offerings, corporate actions present eligible investors with opportunities to make proactive decisions. In many cases, they allow you to invest additional capital into assets you already own, often at a preferential price.

For example, during the current Ascendas REIT subscription, FSM Global clients are able to participate seamlessly via the platform during the offer period. Importantly, beyond subscribing to their entitled units, clients also have the flexibility to apply for excess units, potentially increasing their allocation if there is available supply.

FSM Global simplifies the entire process by consolidating all corporate action opportunities within a single interface, allowing you to review, decide, and act efficiently—whether on web or mobile. In addition, unlike other platforms, FSM Global allows you to subscribe to rights issues at no extra cost and gives you the ability to apply for excess units, which can be rewarding for investors.

Understanding how these subscriptions work and acting within the stipulated timeline is essential to ensuring you do not miss out on valuable investment opportunities.

💻 Web Subscription Walkthrough (With UX Guide)

Step 1: Navigate to the FSM Global log-in page and log in

Step 2: Go to My Account > Corporate Actions

Step 3: Apply for Rights Issue

➡️ Locate and click Apply next to the counter that is available for Rights Issue Subscription.

💡 Tip: This section highlights all active and upcoming corporate actions requiring your attention

Step 4: Input your response to the Rights Issue Subscription

You will see details of the Rights Issue Subscription under Election Instruction Details.

Under Select your Response, you can select your response either to let the offer lapse (i.e. not subscribing to the rights issue), or you can subscribe to the offer, and you can also subscribe in excess of your entitled rights if the option is available.

After you have input your choices, you may click on Submit.

Step 5: Review and Confirmation

A pop-up will show the final details of your Rights Issue Subscription. Please take a moment to verify your details and do note the following:

• Please ensure sufficient balance in your Cash Account of the respective currency (i.e. SGD, USD) for the total subscription cost (including Excess Rights Share(s)/Unit(s) subscription), which will be deducted on the Deduction Date
• Auto-Sweep Account cannot be used for subscription. Please transfer the balance in your Auto-Sweep Account to Cash Account via Cash Solutions > Transfer between Accounts 2 business days before the deduction date.

Once done, input your login password and click Submit to complete the subscription process.

Once complete, you should see a pop-up with a green tick and a message We have received your application.

Step 6: Modify your Rights Issue Subscription

To modify your Rights Issue Subscription, refer to step 2 and go to My Account > Corporate Actions.

Look for the correct counter and click on the Edit button. You can also see more info on the rights issue under the Response Deadline and Remarks.

Step 7: Modify the response for the Rights Issue Subscription

Refer to Step 4 and change your responses accordingly. Once done, click on Save Changes and proceed with Step 5.

📱 Mobile App Subscription Walkthrough (With UX Guide)

Step 1: After logging into the App, go to Holdings > Corporate Actions

Step 2: Apply for Rights Issue

➡️ Locate and click Apply next to the counter that is available for Rights Issue Subscription.

💡 Tip: This section highlights all active and upcoming corporate actions requiring your attention

Step 3: Input your response to the Rights Issue Subscription

You will see details of the Rights Issue Subscription under Election Instruction Details.

Under Select your Response, you can select your response either to let the offer lapse (i.e. not subscribing to the rights issue), or you can subscribe to the offer and you can also subscribe in excess of your entitled rights if the option is available.

After you have input your choices, you may click on Submit.

Step 4: Review and Confirmation

A pop-up will show the final details of your Rights Issue Subscription. Please take a moment to verify your details and do note the following:

• Please ensure sufficient balance in your Cash Account of the respective currency (i.e. SGD, USD) for the total subscription cost (including Excess Rights Share(s)/Unit(s) subscription), which will be deducted on the Deduction Date
• Auto-Sweep Account cannot be used for subscription. Please transfer the balance in your Auto-Sweep Account to Cash Account via Cash Solutions > Transfer between Accounts 2 business days before the deduction date.

Once done, input your login password and click Submit to complete the subscription process.

Once complete, you should see a pop-up with a green tick and a message We have received your application.

Step 5: Modify your Rights Issue Subscription

To modify your Rights Issue Subscription, refer to step 1 and go to My Account > Corporate Actions.

Look for the correct counter and click on the Edit button. You can also see more info on the rights issue under the Response Deadline and Remarks.

Step 6: Modify the response for the Rights Issue Subscription

Refer to Step 3 and change your responses accordingly. Once done, click on Save Changes and proceed with Step 4.

Key Points to Note:

• If you wish to apply for an excess subscription, you must indicate the total units (entitled + excess) in your application.
• Do note that excess allocation is not guaranteed.
• Only your Cash Account can be used; the Auto-Sweep Account is not available for subscriptions.
• Any shortfall of cash will cause the entire subscription to fail.

Final Thoughts

Corporate actions are an important component of the investment journey, offering both opportunities and responsibilities. While they may appear operational in nature, the decisions made during these events can have a meaningful impact on your portfolio over time.

By understanding how corporate action subscriptions work, investors can move beyond a passive approach and take a more active role in portfolio management—whether by maintaining their ownership stake, taking advantage of preferential pricing, or increasing exposure to high-conviction investments.

FSM Global’s platform is designed to support this process with clarity and convenience, providing investors with timely access, intuitive navigation, and a seamless execution experience across both web and mobile.

As a best practice, investors should:

• Stay attentive to corporate action notifications
• Review all details carefully before making a decision
• Ensure sufficient funds are available well ahead of deadlines
• Avoid last-minute submissions to minimise execution risks

With the right approach, corporate actions can become a valuable tool in building and maintaining a resilient, well-positioned investment portfolio.