Calissio Resources Group Inc (CRGP)

[TheSittingtight1]

Payment date

For special dividends, the ex-dividend date is set according to the size of the dividend in relation to the price of the security, and dividends or distributions of less than 25% are subject to the 'regular' rules for ex-dividend dates.

However, dividends or distributions of more than 25% are subject to 'special' rules for ex-dividend dates. The major difference here is that for these larger distributions or dividends the ex-dividend date is set as the day after payment.[3]

For these larger 'special dividends', the ex-dividend date is one stock trading day after the dividend payment date (which occurs after the dividend record date). The stock will trade on an ex-distribution basis (adjusted for the amount of the dividend paid) on the trading day after the dividend payment date.


A special dividend is a payment made by a company to its shareholders that the company declares to be separate from the typical recurring dividend cycle, if any, for the company. Usually when a company raises its normal dividend, the investor expectation is that this marks a sustained increase. In the case of a special dividend, however, the company is signalling that this is a one-off payment. Therefore, special dividends do not markedly affect valuation or yield calculations. Typically, special dividends are distributed if a company has exceptionally strong earnings that it wishes to distribute to shareholders or if it is making changes to its financial structure, such as debt ratio.


THE COMPANY DECLARED IT AS A Q DIVIDEND.

ST

All this mess points to FINRA and the DTCC not following there own rules.