Dorel Industries Ord Shs Class A T.DII.A

January 18 is the date for shareholders of record

[nozzpack]

Two days before that is needed for the record to become official.

So, If you want in, get in this week..

[nozzpack]

You must be a shareholder of Record on January to qualify for the Feb 1 special dividend. As it takes two days for such ownership record to be certified, and with January 18 the date of record for purposes of qualifying for the dividend, I think my interpretation of the requirements is correct. If I am wrong , then I apologize and you can post the correct interpretation of the date of Record

[jmkOttawa]

You are correct, however I believe the special dividend is still attached to the share until Feb 1, so that it really is only trading without the SD on Feb 2. I may be wrong, but this is what I understood.This is what is in the release by Dorel " 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

[nozzpack]

That seems confusing, given the record date. So, if you sell after this week, you don't receive the dividend ? And the buyer gets the dividend ? Whats the purpose of the record date then ?

[McRambus]

You will NOT receive the dividend if you sell before Feb 1 because the stock will trade with 'due bills' meaning the stock will continue to carry the value of the dividend until ex date. Anyone selling before the ex date also sell his right to the dividend, This is NOT an ordinary dividend. Without Due bills trading on large dividend it would blow a hole in a margin account.

[McRambus]

Go back and read press release. The stock will trade with 'due bills' attached. The stock will carry the full value of the dividend until Feb 1. The stock will trade ex-Dividend on Feb 2.