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saltmountain2000

11/27/06 9:06 AM

#11889 RE: 500_and_Long #11886

The 3 day settlement period is standard. That means that the shares that you hold between market close on Tuesday, 11/28 and market Friday, 12/1 are the only ones that count for the spin-off divident. Selling during this time is not a good idea - you have to wait until the record date has passed.