Replies to post #59 on ECC Capital Corporation (ECRO)

[TEX]

"What is a Record Date for a dividend?
The Record Date is the day on which the company's transfer agent compiles a list of those persons having shares registered in their names."

http://www.nasdaq.com/about/FAQsMarketIntegrity.stm#8mi

"What is an ex-dividend date?
An ex-dividend date is the first day on which a security is traded without rights to a particular distribution. It is on the ex-dividend date that a security price is adjusted to reflect the dividend."

http://www.nasdaq.com/about/FAQsMarketIntegrity.stm#8mi

Basically, as shown, a "record date" is a bookkeeping "trigger" for the TA to get hedzup. Bottom line, though, is the ex-date. Literally, ex-dividend means "without dividend."

[snowcloud]

While many on iHub say that the Ex-Date is the ONLY date that matters, recently companies have been using the Record Date and/or return of certificates to try to weasel out of paying roundups. It's almost been an epidemic of weaseling so to speak. MXSV is one blatant example, but there have been others as well. Recently, I've read of Canadians not getting their cash payout on Harold's stores, while Americans did. Because of these recent developments I approach ALL of these divi and roundup plays with a certain amount of trepidation. If a company like ECRO says that the Record Date matters, then I listen to what they say. Let's hope that this one plays out well. I'm in.