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Re: patiencepays0 post# 21534

Thursday, 11/30/2006 10:37:23 AM

Thursday, November 30, 2006 10:37:23 AM

Post# of 38584
Huh? That logic makes no sense. All shareholders of record on 12/1 receive the dividend. If these shareholders sell their EQBM shares on or before 12/15 they also are selling their dividend to the purchaser.

Are you stating that if these purchasers (let's say they bought the shares on 12/5) then turn around and sell their EQBM shares on or before 12/15 they get to keep the dividend because they weren't shareholders of record on 12/1?

All purchases and sales are currently being done on a dividend-on basis. You get the dividend if you own shares at the close on 12/15.

JMHO