Knight/Trimark Group, Inc. Message Board

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Non-Tech : Knight/Trimark Group, Inc.

KCG 20.00

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Aug 17 5:00 PM EST

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To: Mike S. who wrote (497)	4/21/1999 9:57:00 AM
From: Joseph F. Hubel	Read Replies (1) of 10027

Here is an open question based on the following: "Shareholders of record as of the close of business on April 30, 1999 will receive, in the form of a stock dividend, one additional share for each share held by them. On or about May 14, 1999, the transfer agent will distribute the additional shares." Is it correct to assume that if one were to sell their entire holdings in NITE on May 1st, they would get the split adjusted shares dividend as if they still held their original position? I know it works that way with a cash dividend. If it does work that way, one could sell out and then end up with the same number of shares free. Does not seem reasonable. What am I missing here? JFH

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