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NEW YORK -- Certain BlackRock closed-end funds (the "Funds") today announced revised ex-dividend dates for the Funds' November 2011 distributions, as ...
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Unlike the NYSE, the Toronto Stock Exchange (TSX) does not adjust prices in the outstanding limit orders on ex-dividend days. We find that TSX ex-day stock price behavior differs from that on the NYSE in several key aspects. In each case, the TSX ex-day behavior is consistent with the lack of a limit order adjustment mechanism. Our findings confirm that market microstructure is an important factor that contributes to the observed Canadian ex-day price behavior. Our findings also resolve the puzzle of the relatively small ex-day price drop in Canada.
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A phrase used by stockbrokers that denotes that a stock is sold without the purchaser receiving the right to own its recently dec...
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MINNEAPOLIS -- Insignia Systems, Inc. announced on February 23, 2011 that its Board had approved payment to the shareholders of a special dividend of ...
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NEW YORK, Nov. 21, 2011 /PRNewswire/ -- Cohen & Steers announced today that it does not expect its U.S. registered open-end or closed- end funds to make capital gain distributions to shareholders in 2011.
Ordinary income distributions from Cohen & Steers open-end funds will be paid on December 15, 2011 to shareholders of record as of December 14, 2011 with an ex-dividend date of December 15, 2011. Cohen & Steers Emerging Markets Real Estate Fund, Inc. (Nasdaq: APFAX, APFCX and APFIX) anticipates distributing realized and unrealized gains on certain foreign securities that will exceed the semi-annual distribution made on June 30, 2011. For U.S. tax purposes, this distribution will be treated as ordinary income. At this time, it is not anticipated that other Cohen & Steers funds will requ...
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CHATSWORTH, Calif. -- MRV Communications, Inc. (OTCQB: MRVC) ("MRV" or the "Company"), a leading provider of optical communications network infrastruc...
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SAN FRANCISCO -- Wells Fargo Funds Management, LLC, announced today that the ex-dividend date for the Wells Fargo Advantage Income Opportunities Fund ...
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NEW YORK -- On June 17, 2011, Newcastle Investment Corp. (the "Company") issued a press release announcing that the Company's Board of Directors had d...
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KIRKLAND, Wash. -- Saflink Corporation (OTCBB: SFLK) was notified today by NASDAQ that the ex-dividend date will be December 28, 2007 for the announce...
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NEW YORK -- Alloy, Inc. ("Alloy") (Nasdaq:ALOY), a media, marketing services, direct marketing and retail company primarily targeting the dynamic Gene...