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Bonus and Splits
ramuk
#1 Posted : Tuesday, November 17, 2009 4:40:00 AM
Rank: Member


Joined: 11/17/2009
Posts: 3
Dear All,
I need clarification on this,assume the following details,
I bought 1000 share on 5.2.2009 say security name is ABC
The record date for bonus is 7.2.2009.
The allotment date is on 11.2.2009
Now I place a sell order for 1000 quantity on 9.2.2009 with the settlement type as Prompt.
The question here is I will not have holdings on 11.2.2009,in this case,will I get the bonus? What will happen here.

I would be happy,if this case is solved.

Thanks,

Neevarp
mukiha
#2 Posted : Tuesday, November 17, 2009 4:53:00 AM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
First of all: KARIBU MEMBER

Second of all: this thread belongs to 'Investments' section....but SK defaults to 'Other Discussions' most of the time. Be sure to check before you submit a new thread.

Now to your question:

If you sell any time AFTER books closure date,then you deal is EX-bonus. I.e.,you will get the bonus shares,not the buyer.

Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow)
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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