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Saturday, February 09, 2008 4:04:02 PM
JACKSONVILLE, NY--(Marketwire - February 4, 2008) - Ulysses Holding Corp. (PINKSHEETS: UHCR) today announced that the Ex-Dividend Date for the Share Dividend is Feb. 7, 2008.
The Company is addressing this issue as several shareholders have contacted the Company regarding this matter; to be eligible to receive the 1 for 1 Share Dividend you must have purchased shares no later than Feb. 7, 2008 thus after settlement (3 days not including holidays or weekends) to be a shareholder of record on Feb. 11, 2008. This will entitle you to the Dividend.
All Dividend Shares will be free trading and will be distributed on Feb. 29, 2008 by the Company's Transfer Agent.
The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).
SO EITHER THE COMPANY MADE A MISTAKE BY SETTING THE EX DIVIDENT DATE BEFORE THE RECORD DATE. OR THE RECORD DATE ALREDY TOOK PLACE.
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares.
If you buy into a run don't be pissed at the guy who sells for a gain.
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