WiseAlpha is required to pass on all economics of its underlying bonds, as such in the event of Financial restructurings (namely those which include debt for equity swaps), users may receive Fractional Equity.
Fractional Equity positions are treated in accordance with the Fractional Bond agreement, with the underlying equity being held by WiseAlpha plc, the Fractional Bond issuer.
Equity from such restructurings is commonly private (i.e. not listed on a public exchange). Wisealpha does not provide a secondary market for equity instruments, and we do not offer share/equity investment as a standalone product. As such, equity from restructurings will remain untradeable until an exit event occurs - a sale or partial sale of the business.