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To: Mike Perras who wrote (104993)2/25/1999 1:55:00 PM
From: Scott Kleinhans  Read Replies (3) | Respond to of 176387
 
Mike

<<so what relevence does the 'date of record' have >>

None!

Here's some from the Motley Fool site.

3. RECORD DATE

What happens if you buy a stock after the "record date" for the split but before the listing change?

The "record date" means virtually nothing to the stockholder. If you bought the stock before the split, your shares will split the same day everyone else's do, regardless of the record date. You won't lose on the split.

fool.com

Scott



To: Mike Perras who wrote (104993)2/25/1999 2:08:00 PM
From: stock bull  Read Replies (1) | Respond to of 176387
 
Mike, re:<<.. so what relevence does the 'date of record' have (date of Feb 26)?>> you know, I forgot to ask my broker this question. One other thing...if an investor bought the stock after the date-of-record, and before the split date, and did not participate in the 2:1 split, the investor would lose half the value of his investment when the stock split. In other words, if the investor bought 1000 shares after the date-of-record, and before the split date, and paid $100 per share, he would own after the split 1000 shares at $50 per share! Not a good investment at all.

Stock Bull