How are fractional shares from corporate actions handled?

After a stock split or reverse split, you may end up with fractional shares. These fractional shares are typically handled in one of three ways:

1. Cash-in-Lieu: The value of the fractional share is paid out as cash into your account, usually within two to three weeks.
2. Rounding Up: The fractional share is rounded up into a full share.
3. Rounding Down: The fractional share is rounded down to zero.