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Re: Watcher31 post# 529

Thursday, 01/18/2018 3:01:59 PM

Thursday, January 18, 2018 3:01:59 PM

Post# of 1045
Not exactly true

Normal Ex-Dividend, Ex-Warrants Dates

(1) In respect to cash dividends or distributions, or stock dividends, and the issuance or distribution of warrants, which are less than 25% of the value of the subject security, if the definitive information is received sufficiently in advance of the record date, the date designated as the "ex-dividend date" shall be the first business day preceding the record date if the record date falls on a business day, or the second business day preceding the record date if the record date falls on a day designated by the Committee as a non-delivery date.

(2) In respect to cash dividends or distributions, stock dividends and/or splits, and the distribution of warrants, which are 25% or greater of the value of the subject security, the ex-dividend date shall be the first business day following the payable date.
http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=9651