Long Run Explor Ltd Ord WFREF

who will get the 6.4% interest?

[uahub]

if I buy the LRE.DB today, I dont need to pay the accured interest. But when the deal closes, who will get the 6.4% interest? Previous owner? any record date? 
Thanks.

[robbie80]

When you buy LRE.DB, you need pay accrued interest to seller. Then all interest will be paid to you upon closing. You only get interest from the day of purchase.

[uahub]

but I think since Feb1 news release, its trading on the interest flat base? we dont need to pay the interest anymore when you buy...I purchased some before and after, "before" did charge me the interest, but the "after" tsx news release, I didnt get the charge (there are a few discussion here they even asked back the money due to broker's error). That's why I'm

[deisman]

As I understand it if you purchase/purchased LRE.DB on or after Jan26th/2016 it is to trade interest flat on the TSX.  This means you pay $x per face value and not $x + interest.  Therefore the seller just gets the amount you pay and if the deal closes you will receive $750.00 per $1000.00 face value plus 6.4% interest from about August 1/2015 to the effective date of the transaction