Re: Stock Splits

From: Rich Carreiro <rlcarr@animato.pn.com>
Subject: Re: Stock Splits
Date: Sun, 30 Aug 1998 08:12:30 -0400

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>I was wondering what happens if you purchase a stock after the record date
>for a split, but before the actual split occurs?

You are still entitled to the split.  Even though you won't be a shareholder
of record for the split, the shares come with a "due bill" which means that
when the person who sold the shares gets the extra shares from the split, he
has to pass them along to you.  Of course, that's all handled internally by
the brokers these days.

Rich Carreiro
rlcarr@animato.pn.com
P5-100/RedHat Linux 4.1



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