SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Ask Michael Burke
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Knighty Tin who wrote (93096)11/16/2001 2:42:54 AM
From: Don Lloyd  Read Replies (1) of 132070
 
KT -

Please put your stock broker training to work on the following question.

biz.yahoo.com

"Thursday November 15, 4:01 pm Eastern Time
Press Release
SOURCE: Viasys Healthcare Inc.
Viasys Healthcare Shares Distributed in Thermo Electron Spinoff
KING OF PRUSSIA, Penn., Nov. 15 /PRNewswire/ -- Viasys Healthcare Inc. (NYSE: VAS - news) today became an independent public company with the distribution by Thermo Electron Corporation (NYSE: TMO - news) of all its Viasys Healthcare shares as a tax-free dividend to Thermo Electron shareholders of record on November 7, 2001. The distribution took place at 4 p.m. today. Thermo Electron distributed .1461 shares of Viasys Healthcare common stock for each share of Thermo Electron common stock outstanding as of the record date. ..."

Viasys shares were distributed at the close on November 15 to TMO shareholders of record on November 7. Exactly what is the meaning and practical effect of the record date? A purchaser of TMO shares on November 10 would not be a shareholder of record, but apparently would receive the distribution. Is this correct and does the same thing apply to ordinary cash dividends?

TIA, Don

PS - I note that my Schwab account has received a cash dividend on the distribution date for a stock I sold the day after the record date entirely by coincidence. Maybe it will be removed later?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News