I'm leaning more and more to RDs argumentation towards the ex date on OTC probably being different from the ex date on Merkur. Here's a quote from a different source;
Hence SIAF might have planned ("forced FINRAs hand"). By setting the payment date to November 14th, which is the same date their Q3-report is due btw. If the ex date is after the payment date, as this source suggests (but which isn't always the case - also according to this source), then the ex date will be November 15th (or later). I.e the very dat AFTER the date the Q3-report is due, in which I believe SIAF will announce the cash dividend and thereby avoiding a heavy drop in the PPS between the TRW-distribution and the cash dividend. This would be very elegant.
If so, then Oslo Børs - having different rules - might have messed up with that plan somewhat, but that might have leaded to potential good deals for us; 1) selling on Merkur and buying on OTC to get twice the TRW-distribution, and/or 2) picking up lower-priced shares on Merkur to get a lower price and hence a far greater yield from the cash dividends.
It has been a long time since I were optimistic about SIAFs upcoming Q-report, but this time I'm looking forward to it (this would mean that SIAF can't delay its report, unless it also discloses the cash dividend in the NT 10-Q)
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.