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American Capital Agency Corp. Message Board

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  • yourbestfriendintheworld yourbestfriendintheworld Oct 31, 2011 11:06 AM Flag

    Question about ex-date

    I'm just going to point out, again, that the T+3 thing is merely coincidental when dealing with ex-div dates. The rules are written without regard for T+3, and the fact that ex-div is 2 days prior to the record date can be considered arbitrary. In fact, if the div is large enough (25% or more of the company's value) then the rules say the ex-div date is to be set to the day after the div payment date, which is itself on or after the record date.

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