As far as the effective date to receive the VCIG div it has been identified as the day after SEC approval. This date still remains an unknown right now. The general consensus here on the board is that you must be on record as the owner of the shares which is usually 3 days after you purchase.
I suggest anyone wanting in on the dividend needs to buy sooner than later now that the revised s-1 is filed. As soon ss the sec makes it active you are too late. That will not likey happen today, but could happen at any time as there is no warning at this point. JMO