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Re: LORTAP KCOTS post# 48860

Monday, 09/15/2014 11:09:06 AM

Monday, September 15, 2014 11:09:06 AM

Post# of 116262
Lortap....First off, I agree with you. But, this board has always referred to CTs dividend, "interest payments" as strictly "dividends". That is where the confusion comes from. There is a difference http://www.accountingcoach.com/blog/dividends-interest-expense. The due interest from the bonds accrue and is payable on the securities no matter whom holds the securities or when. In other words....it is not like a dividend being declared in which only holders of a certain record date are paid. In a nutshell, if you are holding CT's in your account as of now and a distribution is announced.....you will be fine.
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