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Author: makfan Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 942  
Subject: Re: AOL Stock Split Date: 11/9/1999 3:36 PM
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I do not live in the US and I am in a different time zone. I have to place an order orvernight to buy US shares. The AOL stock split record date is Nov8 and ex is Nov23.

Tomorrow is Nov-9 in the US. Should I place an AOL share order at pre-split price or post split price given the record date is Nov-8. The local broker does not have have a clue.


Hello! You will pay the pre-split price on any trades executed until the ex-date of November 23.

What happens with shares which are traded between the record date and the ex-date is that they come with a 'due bill' for the stock split shares. Sun will process the split based on its records as of November 8, but your broker (actually your broker's computer) will keep track of who is really entitled to receive the additional shares when they are released on November 23.

I have both bought and sold shares during this 'due bill' period and everything has worked out just fine.

Hope this helps!

Mike
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