(Total Views: 106)
Posted On: 01/28/2019 10:27:29 PM
Post# of 36566
Firna changed the rules in 2017
Page 3 for rule 11140 (below 25% of value):
(It won’t paste so page 3)
http://www.finra.org/sites/default/files/noti...-17-19.pdf
“Prior to February 2017, Rule 11140(b)(1) provided that if a per-share dividend or other distribution is under 25% of the securities issuer’s share price, the ex-date for the distribution is the second business day preceding the “record” date.1 Pursuant to Rule 11140(b)(2), if the per- share distribution is over 25% or more of the issuer’s share price, the ex-date is the first business day after the “payable” date.”
https://cases.primeclerk.com/BIND/Home-Downlo...&id2=0
If this is the part you’re all talking about.
Page 3 for rule 11140 (below 25% of value):
(It won’t paste so page 3)
http://www.finra.org/sites/default/files/noti...-17-19.pdf
“Prior to February 2017, Rule 11140(b)(1) provided that if a per-share dividend or other distribution is under 25% of the securities issuer’s share price, the ex-date for the distribution is the second business day preceding the “record” date.1 Pursuant to Rule 11140(b)(2), if the per- share distribution is over 25% or more of the issuer’s share price, the ex-date is the first business day after the “payable” date.”
https://cases.primeclerk.com/BIND/Home-Downlo...&id2=0
If this is the part you’re all talking about.
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