Crius Energy Trust Tr Unit CRIUF

RE:RE:RE:RE:RE:RE:RE:RE:RE:Ex distribution day

[maypeters]

Thank you BCSC and others who brought this up. Please find more colour below - I have also confirmed the same with Brokerage. The changes are for all brokerages in Canada as well as USA. 

As I understand it - both US and Canada are moving to T+2 on September 5, 2017 to bring it in line with other international markets. 

What this will do will be to move the ex-dividend date one day ahead. So for instance in the monht of August - record date is Aug 31 - ex dividend date is Aug 29. 

In September for record date Sept 29 (Since 30 is a Saturday), the ex-dividend date will be Sept 28.


From the CCMA website: 

(Added February 22, 2017) Will there be any T+2 impact on record and payable dates?

In Canada, the ex date on declared events such as dividends or other distributions will become one business day prior to record date instead of two business days prior.  The exchange on which a security is listed provides the exdate to CDS, and CDS populates the date into its system.  In the U.S., there will likewise be a one-day change.

If you want to read up more there is documentation and Qs at the following websites:

US T+2: https://www.ust2.com/questions/

Canada T+2: https://ccma-acmc.ca/en/faq/