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Thursday, August 20, 2015 12:16:02 AM
I am re posting this. A must to get a correct answer from your broker...
Don't let them tell you this is a standard dividend. All 5 people I spoke with had no idea what the 25% rule was. Nasdaq Rule 11140(b)(2)
FINRA Call Center: (301) 590-6500 Jessica in dividend department
TheSittingtight1 Wednesday, 08/19/15 05:41:17 PM
Re: robert90 post# 14814
Post # of 15137
OK, I had enough of not knowing for my self.......
Here it is.
I spoke with TD A last night. The person that i talked to could not answer my question as to the due bill being attached to my shares. She recommended that I call FINRA and ask them how to determine if the attachment was there.
Called finra and spoke to Megan then Cindy and then to Jessica. In the conversation I had with Jessica I was told #1 that as of yesterday that if the dividend was 25% or greater than the closing stock price than Nasdaq Rule 11140(b)(2) did apply to the dividend. She could not tell me if the due bill was attached to the shares I purchased Thursday last week and Monday this week. She said I need to call my broker and ask them to call the D.T.C.C. to confirm that the shares I held in my account had the due bill attached.
I called TD A and spoke with a gentleman by the name of Hamza and explained that I just got off the phone with FINRA and explained Nasdaq Rule 11140(b)(2) and Jessica said that he need to call the D.T.C.C. and find out if my shares held the attachment. After a five minute hold Hamza came back and told me that the two blocks of shares in my account did in fact hold the due bill attachment. The D.T.C.C. told him that it could take up to two to three weeks for it to show up in my account.
That is it in a nut shell... PERIOD... Now I would like to take this monument and thank the person that sold me their shares with the due bill attached. Thank you.
ST
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