Unless something changed. I believe in the initial PR discussing the business combination between ENZC and SAGA the Date of Record was to be the day after the initial agreement is signed to qualify for the Dividends.
The part I’m not sure of now is if you sell your shares prior to the calculation date 6 months later. I would guess you have no shares to calculate and you out.
So if you want the dividend you have to buy B4 , or the day after the agreement is signed . Now you can still buy shares during the 6 month period but they will not qualify for the dividend .
So , I guess one could say if you want the Dividend your handcuffed to ENZC for 6 months post signing.
"During the six-month period between the close of the transaction and the Make-Whole calculation, the shareholders of Company E will be able to sale or acquire additional shares of Company E." Company E is ENZC! Hope this helps. I suspect the demand of shares will go up as we approach the six-month deadline. We just need to get this transaction closed ASAP.
If it is a special dividend worth more than 25% of enzc share price the cut off date should be ……. For these larger 'special dividends', the ex-dividend date is generally one stock trading day after the dividend payment date. dividends or distributions of more than 25% are subject to 'special' rules for ex-dividend dates. The major difference here is that for these larger distributions or dividends, the ex-dividend date is set as the day after payment (with the day of payment being the "payment date"). https://en.wikipedia.org/wiki/Special_dividend
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