This is the first time I've run across the "when issued" listing.
Just to see what or how it works,
I put a buy order into Schwab for RYAM-WI
which was "filled",
but of course doesn't show any shares in my account
or having money deducted from my account,
or having a BUY transaction download to Quicken.
SO - what is the status of my RYAM-WI shares - after my "buy" ?
Kinda looks like a pending transaction,
queued for when the shares become avail,
but yet I can't cancel the transaction, or sell the shares I don't really have.
I guess you are the first to post on this new board. Congrats. Only on Wall Street can people trade things they don't have in hand.
Meanwhile, I'm happy to wait for my real shares to be issued toward the end of the month. I'm planning on holding both RYN and RYAM to see how the distributions shake out.