Depositary fees are standard practice, especially for US depositary receipts, and typically involve an annual administration fee. This fee covers the operational costs of the depositaries. The fee is usually deducted when the dividend payment is made.

If the custodial fee is not included in the dividend event, it will be managed separately through a fee-only event. These fees are usually based on the number of stocks held rather than the total dividend amount paid. If applicable, Cornèrtrader will charge these fees directly to a client’s account, once it has received the depository agent’s communication.