So, this message board has contradictory views on whether a TAL buyer after 6/03, and esp. after 6/10, gets the special dividend (if it is paid). Well the TAL price took another hit with the weak market today, so I couldn't help it - I just got in at 13.33, and we'll see if I get that dividend.
Thanks for the explanation. It is tempting to buy in my IRA, hold for a few days (because I think TAL/ TGH / its merged progeny will recover in price quickly) and I could then capture the special dividend -- but I decided not to (I don't mind the risk, but too much going on now)..
I'm a bit confused about whether TAL went ex-div on June 8. It went down dramatically on June 9, but so did TGH which has no such special dividend. Also, the dividend is not a certain dividend, it is contingent on the shareholder approval of the merger. So, if the share price doesn't do the dividend drop until it is paid on June 14, 15 or 16 or so, but by that time everyone gets the same TIL shares in the merged company, then there was no discernible dividend drop and the shareholder who bought on June 9, 10, 12, etc (who does not get the dividend) overpaid ..... or am I not getting this right?