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hier die auflösung auf die frage ex oder nicht;)

entscheidend ist ob weniger als 25% oder mehr als 25% ausgeschüttet werden.

Dividends Or Distributions Less Than 25 Percent Of Security Value

The first method, under subparagraph(b)(1) of Rule 11140,
provides that for dividends or distributions that are less than 25
percent of the value of the subject security, the date designated as the ex-date shall be the second business day preceding the record date. For example, if the issuer of the security has announced a date falling on a Thursday as the record
date of a distribution, the ex-date will be on Tuesday, two days
earlier. The price of the stock is adjusted downward on the ex-date
so that the amount of the distribution is reflected in the
current stock price. Thus, in this example, Tuesday is the day on or after which a buyer would purchase the security without the dividend and the seller of the security would keep the dividend. If the sale occurred on Monday, a day earlier, the seller would not keep the dividend.

Dividends Or Distributions 25 Percent Or Greater Than Security Value

The second method, under subparagraph (b)(2) of Rule 11140,
provides that for dividends or distributions that are 25 percent or
greater of the value of the subject security, the ex-date shall be the first business day following the payable date. For example, if an issuer has announced August 10 as the record date and August 31 as the payable date, then the ex-date will be September 1, the first business day after the payable date. In this example, September 1 is the day on or after which a buyer would purchase the security without the dividend and, therefore, the day on which the price of the stock is adjusted downward. In this example, a seller of the security on August 15, even though the holder of record to receive the dividend, would have to relinquish the dividend to the buyer. Indeed, because the value of the security on August 15 has not yet been adjusted downward to reflect the dividend distribution, the seller in this example would be unjustly enriched by keeping the dividend. The seller would have received the value of the dividend twice: first, as
fully reflected in the unadjusted price of the stock on August 15;
and secondly, as subsequently paid by the company to record date
holders. This Notice reminds member firms and their associated persons that ex-dates are determined differently, depending on the size of the distribution. Current and historical dividend information is maintained by The Nasdaq Stock Market and
can be found on the Nasdaq Trader Web Site at www.nasdaqtrader.com/dailylist/dl_di_ind.stm.

Endnote
1The term “record date” under the Uniform Practice Code means the date fixed by the trustee, registrar, paying agent, or issuer for
the purpose of determining the holders of equity securities, bonds, similar evidences of indebtedness, or unit investment trust
securities entitled to receive dividends, interest or principal payments, or any other distributions.
 
aus der Diskussion: UPDA - CFUL - HOGC / Öl und Gasförderung - Vermarktung - Alternative Energieen
Autor (Datum des Eintrages): canadian1  (14.07.07 10:48:20)
Beitrag: 15,628 von 49,777 (ID:30681744)
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