The decision to distribute stock in-kind (i.e. as shares) or to liquidate at the fund/SPV level and distribute cash proceeds is made on a case-by-case basis.
There is no single deciding criteria. Common factors include:
• The quantity and value of shares being distributed
• Feasibility of an in-kind distribution based on the exchange and securities listing type
• Investment-specific costs and benefits to distributing shares in-kind
When a fund or SPV offers the option to receive shares in-kind, you will receive a notification at the email address associated with the investor account associated with the fund or SPV investment.
In order to receive shares, you'll need to provide information for a brokerage account that is able to receive the shares in the name of the investment account under which you invested.