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To: bdog who wrote (27729)4/20/1999 9:16:00 PM
From: marginmike  Read Replies (1) | Respond to of 152472
 
nothing



To: bdog who wrote (27729)4/20/1999 9:33:00 PM
From: Jon Koplik  Respond to of 152472
 
Only the "back office" of a securities firm cares about the "record date."

And, people like you and me, who figure : if they keep mentioning this stupid "record date," maybe it is important (?)

Jon.



To: bdog who wrote (27729)4/21/1999 1:50:00 AM
From: JGoren  Respond to of 152472
 
The date of record is usually about two to three weeks before the distribution, so that the transfer agent can issue the shares with a fixed date of business in the past with a list of the shareholders and the number of shares owned. It's a back office thing. Even when a corporation declares a cash dividend, it makes it payable to shareholder of record on an earlier date.


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