Based on current projections through the payable date
, the Fund expects that this distribution will be comprised of net investment income.
Instruments such as cheques or drafts become unclaimed property if they have been outstanding for more than two years from payable date
or after issuance.
Acorn International elected to issue this press release to assist shareholders in understanding the significance of the record date, payable date
and ex-dividend date that are mandated by the NYSE rules for the special cash dividend distribution for Acorn International that was previously declared and announced on May 25.
The record date is anticipated to be Monday, March 3, and the payable date
is anticipated to be Friday, March 7.
This change will affect issuers because the timely funding of paying agents or of DTC is critical to ensure that entitlements continue to be paid to bondholders on the payable date
. Failure to do so, or failure to provide balanced detail of payments at a Committee on Uniform Security Identification Procedures (CUSIP) level, will result in entitlements being paid to bondholders one or more days after the payable date
The dividend is payable quarterly at the rate of 6 cents with the first payable date
on April 10 to shareholders of record on March 17, 2000.
In many countries, interest and dividends are not paid consistently on the payable date
. This can be costly, as a large pension fund discovered when it hedged the interest payment on a French government bond with a forward foreign exchange contract and did not receive the payment on the payable date
The payable date
of April 17, 2019 will remain the same.
The record date for the stock distribution is August 28, 2018 and the payable date
is September 28, 2018.
ET on payable date
. In 1997, DTC revised its Operational Arrangements and Letters of Representation to require that all payments be remitted by issuers to paying agents or their intermediaries by 1 p.m.
The record date for the monthly cash distribution is March 20, 2018 and the payable date
is March 29, 2018.
The shares will be added to their ownership record automatically on the payable date
, December 9, 2016, with any resulting fractions of a share paid in cash at the rate of [USD18.23] per whole share.