We are both right to aruge each side as it also clearly sates that it is a dividend.
MADISON HEIGHTS, Mich., March 27, 2013 /PRNewswire/ -- Creative Edge Nutrition, Inc. (OTCPINK: FITX), a nutritional supplement company focusing on active lifestyles today announced that its Board of Directors has approved a one share dividend for each five shares of common stock of the Company, which is a 1.2:1 forward split or a 20% stock dividend. of free trading shares of outstanding prior to the date of April 2, 2013 as FINRA has received all necessary documentation for this corporate action and has been approved.
The dividend will be automatically added to the shareholders' existing shares. If the shareholder holds free-trading shares the dividend will be in free-trading shares. If the shareholder holds restricted shares the dividend will be in restricted shares. If a holder of restricted shares wants a new certificate reflecting the updated number of shares they will need to send the old certificate along with appropriate fees and a note requesting a new certificate to Action Stock Transfer. If the shareholders have their shares in a brokerage account the total shares will be adjusted automatically. The record date for the forward stock split dividend will be April 2, 2013. Any fractional shares issuable pursuant to the dividend will be rounded up to the next whole share.
Bill Chaaban commented, "Since Creative Edge Nutrition, Inc. became public, the initial shareholders investing in the company have been very supportive and deserve some additional financial benefit for sharing our company's vision. A stock dividend should give our shareholders the additional economic benefit justified by their actions to date and show them our appreciation for their financial commitment."
Split is used as a bad example on whoever wrote PR. Says dividend all over it about 5 times and split is used once!
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