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Strategies & Market Trends : From the Trading Desk
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To: Gersh Avery who wrote (4116)1/23/1999 10:25:00 PM
From: steve goldman  Read Replies (1) of 4969
 
Gersh,

It sounds like a fairly complex issue. You need to be a shareholder on record date for most dividends. I think there must be more to the deal than is apparent.

Forget the fact that you spoke to a broker on the phone. You cant expect a broker to know all the deals, all the terms of the deals taking place regarding equity issues. If you were to say to me, I only want to buy it if i get xxxx..., then I would probably tell you I cant do the trade at the very moment, i would call corporate reorganization and get all the details, and if we were talkinga bout serious time pressure, i'd still have to tell you that i cannot corroborate what you were espousing.

But lets get to the facts of the deal. If you were a shareholder as of the record date, you should get the dividend.

Ask your firm for the corporate reorg details.
or email me what you can and maybe I can ask my backoffice for quick detail.

regards,
steve@yamner.com
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