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To: Sowbug who wrote (1036)1/3/1999 8:24:00 PM
From: Cosmo Daisey  Respond to of 41369
 
Sowbug,
"""Can anyone explain to me why press releases announcing splits always tell us the record date and the distribution date? Is it just to strike fear into the hearts of novice investors?""
The record date is to also establish the outstanding share number that are to be split.
cd



To: Sowbug who wrote (1036)1/3/1999 9:21:00 PM
From: Pruguy  Read Replies (1) | Respond to of 41369
 
one reason is that if you sell after the record date, but before the pay date, you get a due bill...it is no big deal, but that is the way it works.


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