GREY:CRIUF - Post by User
Comment by
bcscon Aug 28, 2017 4:55pm
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Post# 26629815
RE:RE:RE:RE:RE:RE:Ex distribution day
RE:RE:RE:RE:RE:RE:Ex distribution dayFrom a message I recieved from TD Direct Investing on Aug 14, 2017
"
Beginning on September 5, 2017, the settlement cycle for equities, corporate and long-term government bonds, mutual funds and ETFs will be shortened from the date of trade execution (T) plus three business days (T+3) to T plus two business days (T+2). Canadian investors will benefit from greater harmonization of global markets and more efficient trading processes, including quicker access to trade proceeds. Due to the expedited settlement cycle, investors will need to ensure that they have sufficient funds available to settle their purchases one day earlier. If you have any questions about this upcoming change, please contact an Investment Representative at 1-800-465-5463. We’re here to assist you any time, 24 hours a day, seven days a week.
Thank you for choosing TD Direct Investing. "
It is my understanding that begining Sept 5, 2017 ex-div dates will be record date less 2 not 3 due to this change. This change is for all Canadian investors and is not Broker specific.
If anyone has a different interpretation could they please share it with the board.