QUOTE(T231H @ Oct 20 2017, 11:02 AM)
they could have announced the dividend distribution weeks earlier....
if one sell before the cut off date...no distribution given.....
it should be Ex-date that is more important....the cut off date
Q: WHAT IS EX-DATE?
A: This is the date on which the investors will be entitled to a recently announced dividend if he/she still hold the fund.
Have anyone ever question why is there 'cut-off' date and ex-distribution' date? Why is one date more important than the other?
If you guys preached that the fund value is the same whether before or after distribution, and that distribution has no meaning... then why is it important to know the cut-off date or the ex-date?
Are you guys saying that because it takes time for the fund company or in this case of nominee accounts, the main accountholder which is FSM, to calculate the distributed units to you? So if you sell the fund before the distributed units are added, you will missed the extra units?
In other words, the fund company or the main accountholder will keep the distributed units and not reimbursed the extra units to you when they finally work out and calculated how many units you should get and entitled to?
If what I am saying is correct, then why can't they write and inform you of the extra units?
Let's say you have sold the fund fully, in other words, if there was 10,000 units in the fund and you sold the whole 10,000 units. It does not necessary means that you have closed the fund's account. The fund's account could still be there, just that the total number of units in that account is zero.
This means 2 things that the fund company or FSM can do if you have fully or partially sold your fund before the distributed units are added or updated into your account:
1. Add the units, and inform you of the added units.
2. Absorb the units.
Correct me if I'm wrong...
This post has been edited by j.passing.by: Oct 20 2017, 02:19 PM