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Jagthetrader

09/18/10 2:44 PM

#55612 RE: Dakota Dad #55608

U r correct
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LoneGrey

09/18/10 2:59 PM

#55614 RE: Dakota Dad #55608

It is my understanding if you want to be a share holder of record for having shares of EIGH on September 30th you will need to purchase the shares by September 27th or earlier in order to allow for the 3 day settlement period. I was in a stock last year where everyone on the board who did not buy their stock 3 days prior to the date of record did not qualify for the dividend because the brokers said their accounts hadn't settled.
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nsomniyak

09/21/10 6:23 PM

#58730 RE: Dakota Dad #55608

You are correct. The key point in time here is EOD Monday 9/27. You need to have purchased by then to get the dividend (or covered a short by then to avoid getting a due bill requiring you to pay the dividend on the shares you are short).