InvestorsHub Logo
Followers 8
Posts 584
Boards Moderated 0
Alias Born 06/10/2006

Re: bilgert post# 69

Thursday, 01/14/2010 4:58:41 PM

Thursday, January 14, 2010 4:58:41 PM

Post# of 94
bah- this seems wrong. Gonna look into this.


Dear Client:

Thank you for your e-mail.


The ex-date for the stock dividend(the forward portion of the reverse and forward split) was 01/12/2009. However, to receive the cash of $.60 per share, you had to be a stockholder of record on 08/06/2009 and own less than 1,000 shares. Therefore, since you purchased your shares on 08/14/2009, you received shares instead of the cash payment. These are the terms of the reorganization per the DTCC(the Depository Trust and Clearing Corporation). Please feel free to contact the company's investor relations department to confirm the August 6th date.


If you need further clarification, please contact your local Scottrade office for assistance. The staff in the local office will be glad to help you. You may obtain the telephone number of your local Scottrade branch office through our home page in the Branch Locator.



Sincerely,

XXX XXXXXXXXXXX

National Service Center
Scottrade Inc.

Join the InvestorsHub Community

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.