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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Mary Baker who wrote (33679)	11/4/1999 3:14:00 PM
From: Ritch	Read Replies (3) \| Respond to of 41369

Mary - Okay, so what does the accounting thing/date refer to??? What is it for??? It is for accounting for how many shares the split will involve. Only shares that are issued and outstanding on the date of record will participate in the split. If any new shares would be issued by the company after that date, they would not participate in the split. These shares can be bought or sold many times between the record date and the effective date, but only the person that owns them at the close on the effective date gets the split. In the case of AOL, everyone that owns shares at the close on 11/22 will own twice as many shares at the open the next day. It does not matter if they bought them on 10/15 or on 11/22. Every time a stock I have owned has split, it seems that a handful of investors question these dates. Ritch