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Technology Stocks : INTEL TRADER
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To: MonsieurGonzo who wrote (4785)12/9/1998 2:13:00 AM
From: Chris  Read Replies (1) of 11051
 
MG, RE: 'SPY distributions' = Quarterly

From AMEX page:

SPDRs Dividends

SPDR holders receive quarterly "dividend equivalent amounts" of cash for each SPDR outstanding. The dividend amounts are paid quarterly on the last business day in April, July, October and January.

SPDR quarter-to-date accrued dividend equivalent amounts are available on a daily basis from most major quotation vendors under the ticker symbol "SXD" The final dividend payment is displayed under the ticker symbol "SXP" and is available from the ex-dividend date through the payment date.

The Trusts have made the Depository Trust Company ("DTC") Dividend Reinvestment Service ("Service") available for use by SPDR holders through DTC participant brokers for reinvestment of their periodic cash distributions. Because not all brokers may choose to utilize this Service, an interested investor should consult his or her broker to ascertain the availability of dividend reinvestment as well as the specific procedures that apply.

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