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To: Bridge Player who wrote (891)4/12/2004 5:09:45 PM
From: stockycd  Respond to of 989
 
Really??? I guess the excerpt from the SEC website below doesn't apply to shares paid as dividends, only cash??? Guess we'll find out soon enough.

Short Sales

....When you sell short, your brokerage firm loans you the stock. The stock you borrow comes from either the firm’s own inventory, the margin account of another of the firm’s clients, or another brokerage firm. As with buying stock on margin, your brokerage firm will charge you interest on the loan, and you are subject to the margin rules. If the stock you borrow pays a dividend, you must pay the dividend to the person or firm making the loan. ...

sec.gov