"As of the date of this press release, X% of the Trust’s total X units outstanding were held by a company A as the official unitholder of record. The record date of Date B for this distribution is only applicable to unitholders of record such as company A and the ex-date, as set by The Financial Industry Regulatory Authority, Inc., or FINRA, actually determines which street name holders will be eligible to receive the distribution. "
I found this in a press release in a company I invested in and the dividend is "late" it sounds like basically the company is saying we're only paying some of our shareholders. is that a correct reading? and is that allowed? I was unaware this was a option and got a bit blindsided by it.
I redacted the particular dates and company names.
Submitted August 31, 2021 at 10:30AM by Responsible_Virus https://ift.tt/3t1GtSR
