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Technology Stocks : Dell Technologies Inc.
DELL 113.22+1.9%Jan 21 3:59 PM EST
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To: jbn3 who wrote (31214)2/27/1998 7:51:00 AM
From: Mohan Marette  Read Replies (1) of 176387
 
Split & the function of the 'record date'.

Dellish 3: I asked Sig a while back about the same thing,he said according to his broker to most investors it shouldn't make any difference or something like that. Then I contacted the 'investor relations' of another company i know in Texas and asked them about the importance of the 'record date'.The first time the 'girl' at the department sent me an email saying if someone bought the stock after the 'record date' they wouldn't participate in the split. I told her that is a bunch of bull as it couldn't be and told her to check with their underwriter or lawyer or something and get me an accurate answer which she kindly did and here is what the email i got.
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"Mohan,

Here is the explanation.ÿ The record date is a date for our transfer agent so that they can send out notices to shareholders regarding fractional shares prior to the actual split date.ÿ If you purchase after the record date it may take some time for the transfer agent to send you a notice for any fractional shares you may have.ÿ You still receive the split.

Should you need further information, please contact me.

Thanks!
Patti
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