Share Dividend Info: http://www.deltagas.com/st
Post# of 156
Posted On: 06/10/2015 9:26:55 PM
Share Dividend Info:
http://www.deltagas.com/stock_split_faq.html
Any trade of DGAS stock on the NASDAQ Global Market executed prior to the ex-dividend date includes the right to the additional shares. A record holder that sells his or her stock will not be entitled to the receipt of the additional shares. In order for a record holder to receive the additional shares, the record holder must hold the shares through the distribution date, May 1, 2012. Buyers of DGAS are rightful claimants to the additional shares if purchased prior to the ex-dividend date; they need not be a holder of record.
Trades of DGAS stock on the NASDAQ Global Market that settle between the record date and the distribution date will be considered “trades with distribution”, those that ultimately entitle the buyer to the split shares even though the buyer did not own the shares on the record date. These trades will have a “due bill” attached to them. A “due bill” is an IOU from the seller indicating that the buyer, not the seller who was holding the stock on the record date, is entitled to the split shares upon their issuance.
If you buy shares of DGAS stock on the NASDAQ Global Market between April 18 and May 1, you will be entitled to split shares based on your purchases, but you will not receive them on the distribution date. You will receive the split shares when the due bills settle on or about May 4, 2012.
If you sell shares of DGAS stock on the NASDAQ Global Market between April 18 and May 1, the trade will have a due bill attached to it and you will receive no split shares even though you may have been the record holder on the record date. The split shares on sold DGAS stock will be held and used to settle the due bills on or about May 4, 2012.
Shares NOT sold on the NASDAQ Global Market:
The Company will issue DGAS stock to the holder of record as of the close of business on the record date. For purchase and sale transactions not effected over the NASDAQ Global Market, those transactions will not have the benefit of the rules and conventions adopted by NASDAQ which provide that buyers between the record date and distribution date will ultimately receive the split shares. Consequently, buyers of DGAS stock in transactions not effected through
NASDAQ during the period between the record date and distribution date will need to make arrangements with the seller for delivery of the split shares by the seller after the distribution date. The obligation of the seller to transfer the split shares to a buyer will be a matter between the seller and buyer. Delta Natural Gas Company, Inc. will issue the split shares to the holder of record as of the close of business on the record date and will not be responsible for ensuring buyers of DGAS stock between the record date and distribution date receive the split shares.
Shares of DGAS stock not traded on the NASDAQ Global Market but effected using a broker may be subject to conventions or rules similar to or different from NASDAQ. Shareholders who trade between the record date and distribution date should check with their broker as to the treatment and delivery of the split shares in connection with such trade.
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http://www.deltagas.com/stock_split_faq.html
Any trade of DGAS stock on the NASDAQ Global Market executed prior to the ex-dividend date includes the right to the additional shares. A record holder that sells his or her stock will not be entitled to the receipt of the additional shares. In order for a record holder to receive the additional shares, the record holder must hold the shares through the distribution date, May 1, 2012. Buyers of DGAS are rightful claimants to the additional shares if purchased prior to the ex-dividend date; they need not be a holder of record.
Trades of DGAS stock on the NASDAQ Global Market that settle between the record date and the distribution date will be considered “trades with distribution”, those that ultimately entitle the buyer to the split shares even though the buyer did not own the shares on the record date. These trades will have a “due bill” attached to them. A “due bill” is an IOU from the seller indicating that the buyer, not the seller who was holding the stock on the record date, is entitled to the split shares upon their issuance.
If you buy shares of DGAS stock on the NASDAQ Global Market between April 18 and May 1, you will be entitled to split shares based on your purchases, but you will not receive them on the distribution date. You will receive the split shares when the due bills settle on or about May 4, 2012.
If you sell shares of DGAS stock on the NASDAQ Global Market between April 18 and May 1, the trade will have a due bill attached to it and you will receive no split shares even though you may have been the record holder on the record date. The split shares on sold DGAS stock will be held and used to settle the due bills on or about May 4, 2012.
Shares NOT sold on the NASDAQ Global Market:
The Company will issue DGAS stock to the holder of record as of the close of business on the record date. For purchase and sale transactions not effected over the NASDAQ Global Market, those transactions will not have the benefit of the rules and conventions adopted by NASDAQ which provide that buyers between the record date and distribution date will ultimately receive the split shares. Consequently, buyers of DGAS stock in transactions not effected through
NASDAQ during the period between the record date and distribution date will need to make arrangements with the seller for delivery of the split shares by the seller after the distribution date. The obligation of the seller to transfer the split shares to a buyer will be a matter between the seller and buyer. Delta Natural Gas Company, Inc. will issue the split shares to the holder of record as of the close of business on the record date and will not be responsible for ensuring buyers of DGAS stock between the record date and distribution date receive the split shares.
Shares of DGAS stock not traded on the NASDAQ Global Market but effected using a broker may be subject to conventions or rules similar to or different from NASDAQ. Shareholders who trade between the record date and distribution date should check with their broker as to the treatment and delivery of the split shares in connection with such trade.
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