RE:RE:RE:RE:RE:RE:Ex div. date It is all in the press release see below:
The Toronto Stock Exchange (“TSX”) has determined to implement its “due bill” trading procedures with respect to Dorel’s special dividend of US $12.00 per share. Due bills are entitlements which attach to listed securities undergoing certain material corporate events, including a cash dividend in an amount equal to or greater than 25% of the market value of the underlying listed securities. In the case of Dorel’s special dividend, due bills represent entitlement to the cash amount of US $12.00 per share.
For trading purposes, due bills will attach to Dorel’s Class B Shares and Class A Shares from the opening of business on Monday, January 17, 2022, being the first trading day prior to the record date of Tuesday, January 18, 2022, until the payment date of Tuesday, February 1, 2022, inclusively, so that Dorel’s shares will carry the value of the special dividend until the dividend has been paid. Dorel’s Class B Shares and Class A Shares will commence trading on an “ex-dividend” basis on Wednesday, February 2, 2022, as of which date purchasers of the shares will no longer have an attaching entitlement to payment of the special dividend. The due bill redemption date will be February 3, 2022.