RE:RE:RE:Graph spin off.. The "record date" is the date by which you must be on the company's books as a "shareholder of record" in order to receive the 1-for-20 Graph spinoff shares. The important thing to keep in mind to ensure you are a shareholder of record on the record date is that your transactions must be settled by the record date.
Settlement today is on the T+2 basis meaning a filled buy order will settle at EOD two business days after the transaction date and your broker will have your newly bought shares in hand. A filled sell order will also settle by EOD on the second day after the transaction and you will be able to withdraw funds on the third day. For purposes of a special dividend distribution in the form of shares of a spun-off company, you are a shareholder of record at the end of the 2nd day after your buy order fills.
This means you can't buy DM the day before the record date and qualify for Graph shares because your newly bought shares will not have settled on the record date so you aren't a "shareholder of record." For current shareholders (like yourself) any additional shares your want inclued in the Graph 1:20 distribution calculations will need to be purchased two days before the record date to qualify.
Malex1 wrote: Thanks just wondering about that “record date” now. Does that mean the date is the in the past or future ?