Replies to post #34420 on BIH Corporation (fka BIHC)

[coaldollars]

Would it not also mean there must be an accounting
of shares????? before the 29th...????

????????

[Jim Bishop]

That's how it works for cash divvies over 25%.

Record date is virtually meaningless, that's just the date the TA uses for his mailing list of holders to send corporate action notices out to. Those notices go directly to those holding certs and to the brokers for those holding in street name.

The only date BIHC has mentioned that FINRA will look at is their proposed record date. If they are notified at least 10 days before that date, they will use it to set ex date, pay date and due bills date. If notified too late, they will change the record date accordingly.