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American International Group, Inc. Message Board

  • simply_interested simply_interested Jan 15, 2011 1:00 PM Flag

    Warrants -- Real Info.

    Trading on the NYSE (NYX). AIG has applied to have the Warrants listed on the New York Stock Exchange under the ticker symbol AIG WS and anticipates that the Warrants will begin trading on the NYSE on a when issued basis on or around January 13, 2011. AIG has been advised by the NYSE that the ex-dividend date for the AIG common stock will be delayed through the use of due bills, such that AIG common stock will begin trading in a regular way, ex-dividend, on January 20, 2011, the date following the anticipated issuance of the Warrants. Due bills are essentially an assignment from a seller of common stock to a buyer of the right to receive the dividend if the condition to the dividend is satisfied. If the condition is not satisfied, the due bills will be immediately cancelled and no Warrants will be issued.

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    • Thanks for your patience. I'm a little slow. According to your logic would someone who placed a buy trade on the 14th be entitled to the warrant?

    • "Is it possible the 2.50 referre to the price before the Reverse Split"

      No. It was par value. The statement said so outright.

    • Why, thank you for warning me. But, apparently unlike you, I'm able to check the facts for myself and he IS correct.

    • Is it possible the 2.50 referre to the price before the Reverse Split. $2.50 is curently $50.00.

      I'm only guessing because I have been out of the common for sometime but us guys in the pfd AIG A,s have our own problems. Check the board.

      Best of Luck,cptjrg

    • as I suspected, your remaining ties to reality are unraveling before us.

    • careful, db_1950 is a constant basher- probably a paid basher

    • "In order to own the stock on the 19th one would have had to buy it on or before the 13th. Do you deny this?"

      Yes. YES, YES, YES, YES, YES, I deny it! Because it's NOT TRUE.

      You own a stock as soon as you buy it.

      Let me say that again: You own a stock as soon as you buy it. You're not a shareholder of record as soon as you buy it, but you own it as soon as you buy it.

      Come on, gnu, say it with me: You own a stock as soon as you buy it.

      OK, now let's do this one: The three day settlement rule does not apply to ex-dates.

      One more time, gnu- The three day settlement rule does not apply to ex-dates.

      Let's do it a bit louder this time. The three day settlement rule does not apply to ex-dates.

      gnu, you slacker - you weren't saying it with me!

      who_gnu_1235, we've been over this several times today. I've explained to you as clearly as I possibly can why it's not true. Why do you persist?



      In any case, here's one we can all say together: Who_gnu g-narled the facts.

      Everybody? Who_gnu g-narled the facts.

      Now you by yourself, gnu. Who_gnu g-narled the facts.

      Now, everybody together! Who_gnu g-narled the facts.

      You're actually a lot of fun, gnu.

    • My guess is because it is given as a dividend, company has to show this as distribution (2.50 is for reporting purpose only) and we might to hooked to pay some tax.

    • Good for you for sniffing that out, though, temp_aol. Shows you're paying attention. You won't be fooled by it again.

    • Read the link it says the ex-distribution date is the 20th. This coincides with the distribution on the 19th. In order to own the stock on the 19th one would have had to buy it on or before the 13th. Do you deny this?

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AIG
54.02-0.15(-0.28%)Sep 30 4:00 PMEDT

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