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  • cwn600 cwn600 Aug 6, 2012 9:34 PM Flag

    question on split

    "if July 27th was cut off date"

    But it's not. August 10th is the last day to buy and qualify for the split shares.

    "is the price at end of that date [July 27] the split price"

    No. On July 27th it closed at 80.01. On July 30th it closed at 81.12. Does that look like a two for one split?

    "or is it the close of the 10th"

    Sort of, but not the closing price. After the close on the 10th the shares will split and will begin trading on a split-adjusted basis at the open on the 13th.

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    • OK, then July 27th only represented a cut date for current holders to receive split plus additional shares. Then at end of Market day Aug 10th will represent the approx split price for Monday Aug 13th barring any after market movements. yes, i realize if I buy before Aug 10th i'll receive split, but, do not qualify for additionsl shares.

      • 1 Reply to thor1294
      • "OK, then July 27th only represented a cut date for current holders to receive split plus additional shares."

        There are no additional shares. One share splits into two; nothing more.


        Further, any shareholder of record who sells their shares before the ex-date of August 13th also sells their rights to the split. In cases where the ex-date is after the record & payment dates, the only relevance of the record date is to state that only shares outstanding as of that date participate in the split.

        It's very different from a normal distribution but those are the stock exchange rules every company has to follow.

        "i realize if I buy before Aug 10th i'll receive split, but, do not qualify for additionsl shares."

        Only because there are no additional shares. Anyone who was a shareholder of record on July 27th with the same number of shares as you and holds through the 10th will still have the same number of shares as you after the split.

        Where did you get the idea there will be additional shares beyond the split?

 
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