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Valero Energy Corporation Message Board

  • ah673000 ah673000 May 2, 2013 8:09 AM Flag

    CST.....2 accounts ...two different outcomes

    In one account I received whole shares and no cash ( yet) for partial
    In the other account I received fractional shares
    Bottom line is I have about 11 shares of CST for every 100 shares of VLO that I had.

    Funny we are all seeing these differences in the distribution.

    AH

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    • its not your broker.. its the clearing firm ya newbs. the shares/money is there they just haven't moved it over yet. call them up and try and get a hold of anyone with half a brain (good luck) and then by the end of the day you will get what you should get.. notice the stock is trading higher than it should be, the slow distribution is causing less dilution so take advantage and stop #$%$

    • Always happens that way, Brokerages make their own interpretations of the "rules". Good luck to anyone shortchanged by their particular institution's interpretation.

 
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