Ainsworth Lumber Co Ltd ANSBF

bmo answer to my ? on due bills

[thedave2006]

so i guess if one sells ans shares after nov 22, your rights belong to the buyer of your shares?

 

cheers,

dave.

 

A stock is said to be carrying due bills when the ex-date falls after the record date. This means that any principal and interest/dividend received by the seller past the record date will be paid by the seller to the buyer upon submission of the due bill for redemption.

If you do not intend to buy or sell in between the ex-dividend date and the record date, this will have no impact on your positions.

[mohasa]

so i guess if one sells ans shares after nov 22, your rights belong to the buyer of your shares? Minor correction - Nov 20 is the date that the shares traded with due bills.  This is the date that the shares would otherwise trade ex-rights but due bills trading arrested the ex-rights trading. From the Nov 13 press release: Due bill trading will commence on November 20, 2012, being the ex

[thedave2006]

thanks mohasa for correction.  makes me wonder why pay so high for ans shares, into 3.60s the other day then if sp must come down.  looking at it further it looks like the lower one bought the shares of higher you bought the shares it aint worth holding on, the closer you are to about 2-10ish the better you are.  i guess we hold 3.30s or thereabouts until 930am monday dec 3rd.