CareTrust REIT reports NASDAQ due bill trading requirements for the USD5.88 per share special dividend.
M2 EQUITYBITES-October 28, 2014-CareTrust REIT reports NASDAQ due bill trading requirements for the USD5.88 per share special dividend
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Healthcare properties company CareTrust REIT (NasdaqGS:CTRE) said on Monday that its common stock will trade with "due bills" during the period from 29 October 2014 through and including 10 December 2014 in connection with its recent special dividend of USD5.88 per share.
This special dividend is payable on 10 December 2014 to stockholders of record as of 31 October 2014 in cash and common shares.
NASDAQ has informed that the company's special dividend will be subject to NASDAQ's due bill trading requirements because the amount of the dividend represents a distribution of greater than 25% of the stock price on the declaration date. Due bills obligate sellers to deliver the dividend to buyers.
The company's common stock will begin trading on an ex-distribution basis, without due bills attached from the opening of trading on 11 December 2014.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Oct 28, 2014|
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