When your securities are loaned out via Alpaca through the FPSL program, the borrower will receive any dividends paid out during the loan period. Instead, you will receive a cash payment in lieu, equivalent to the dividend amount, from Alpaca. Dividend payments may be subject to tax implications depending on tax residency. Before enrolling in the FPSL program via your Sarwa Trade account, you should review the Alpaca risk disclosures and MSLA to consider any potential tax considerations which may arise from your participation.
What are you looking for?