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Re: janice shell post# 26830

Friday, 08/28/2015 7:54:01 AM

Friday, August 28, 2015 7:54:01 AM

Post# of 54903
Following that logic it was COR's fault for not understanding the 25% rule and the impact it would have on the shares they were selling. COR did not report the hundreds of millions of shares as eligible for the divi to the DTCC and so did not receive it. However when they sold the shares during the ex-dividend window they were in fact eligible. Had COR correctly included those shares in its report to the DTCC they would have gotten the divi and properly passed it along to the buyers, which just happened to be CRGP. It would then have been a wash for CRGP because the divi it was paid would have been allotted to COR in the first place.