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Joe Burmeister

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Joe Burmeister

Re: moneycane post# 756

Monday, 08/14/2006 12:11:27 PM

Monday, August 14, 2006 12:11:27 PM

Post# of 6377
I have to disagree with that as I went through a similar divended issue with BIGN on May 19th (1 share of TYCH for every 30 shares of BIGN held as of 5/19/06).

I brought BIGN shares on 5/19 and later found out that those shares purchased on 5/19 did not qualify for the divended. You trade has to settle on or before the record date. Since SEC has a 3-day settlement for stocks, I believe you would have to make your purchase by end of day tommorrow in order to be a shareholder of record by Friday.

Did anyone go through a similar experience that can confirm this?
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