thats right however if your brokerage like ameritrade or others holds your stock in street name, then your units show up on mosh's books as xxx,xxx units held by ameritrade. it doesnt show up as held by go mosh unless you hold your certificates or demand that your brokerage does for you. therefore the distribution goes to ameritrade and they give the distribution to whoever owns those units as of now. and they are perfectly allowed under the finra rules to do it this way and they do. they pay whoever holds as of the ex-date and not the record date. the broker doesnt recognize the record date. it may not seem right but thats the rules and its already been challenged in court cases and the finra rule always wins. so your answer from the trustee only tells you part of the story. your broker can explain the other half of the story to you. if anyone here gets the second distrib. who sold, i would sure like to know about it.
read all that fine print when your first sign up for a brokerage account about how the stock will be held in street name and also read the finra rules i posted earlier. I know someone who sold some of their mosh after the record date in february but before the first distribution was sent. They got paid for the untis they still held and they didnt get paid for the units they sold EVEN THOUGH THEY HELD WELL AFTER RECORD DATE. So again if anyone else experienced different, please let me know.
The proud man counts his newspaper clippings, the humble man his blessings.” Bishop Fulton J. Sheen
