RE: RE: RE: NEW ARCHEAN..Yes that is correct, I am saying that you can sell on the x-div date (the day after the record date) and still get the spin off. Otherwise yes you have to purchased the stock by the end of the record date trading day, after that its up to you to decide if you want to hold the parent stock or not. NOTE: just like cash dividend paying stocks the parent stock usually drops in valve = to the value of the dividend the very next day.