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[sharechat] Record date

From:	"Tony Haddon" <haddon@ihug.co.nz>
Date:	Sun, 5 Mar 2000 20:29:43 +1300

Max, record date is that point in time where those shareholders whose names appear on the share registry for that particular co. are recognised as being entitled to the benefit, be it dividend, or bonus (giveaway) options, rights etc. Buyers of that share after record date are not entitled to receive that benefit....hence you will see sometimes in the paper shares noted as "CD"...with dividend, or otherwise "XD"...without dividend... I think the cut off is usually 5pm, and record date often precedes payment date by about 14 days.

It'd be nice if all questions arising from the ole market were so simple eh !!! Regards

Tony Haddon

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