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  4. Generex Biotechnology Corp. (GNBTQ) Message Board

Pokey123, this is a special dividend of greater th

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Post# of 36568
(Total Views: 278)
Posted On: 08/12/2019 1:07:04 PM
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Posted By: tc2000chartreader
Re: Pokey123 #5304
Pokey123, this is a special dividend of greater than 25%, so there are different rules. I know it does not make sense of the the record date way ahead of the pay date, which is not normal in regular dividends, but in greater than 25% it is normal. This extra time allows the company to solidify the list of investors that day to be able to appropriate the add'l shares properly. You need some time when you are basically giving between 1/3 to 1/2 the company back to investors.


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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.




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