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To: donald sew who wrote (57508)	11/16/1998 11:41:00 AM
From: Debra Orlow	Read Replies (1) of 58727

May be a very basic question, but you guys are soooooo knowledgeable..... Say that I am short a stock position. Dividend date is Nov 16th, ex-dividend Nov 17th. Dividend is in form of a distribution of shares in a new baby company at a rate of 1/10th of a share for each parent company share. On which date is the short position liable for that distribution? If I am currently short 1000 shares, will I now be short 900/100 in two different companies? Is there a time frame that I must be short in order to be liable? Am I asking too many questions? Thanks, anyone......

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