DTC Relief-at-Source Process Change
Please be advised that as of November 15, 2021, DTC will no longer process tax relief at source on distributions that are processed with DTC’s interim accounting process. This process change applies to all securities that are processed with DTC’s interim accounting process (e.g.., bonds and large equity distributions). More can be read in the notification released by the DTCC at https://www.dtcc.com/-/media/Files/pdf/2021/8/12/15494-21.pdf
A full list of affected bonds can be found on the Acupay website at: https://www.acupay.com/resources-help-links/resources/italy-resources/
See table below—the following changes to the Acupay-serviced Italian Bonds will go into effect on November 15, 2021:
