Are shareholders eligible for corporate action benefits if the shares are sold on the ex-date/record date?
Yes, shareholders are still eligible for corporate action benefits even if they sell the shares on the ex-date/record date. This is because eligibility for the benefits of corporate actions requires shareholders to have the shares in their demat account on the ex-date/record date. If the shares are sold on the ex-date/record date, they will be debited from the demat account on the next day, i.e., T+1 day, and not on the same day.
General
- What does record date and ex-date mean?
- What are takeovers?
- How does Bigul square off positions?
- Will eligibility for corporate action benefits be affected if stocks are pledged with Bigul?
- What is book closure date?
- Are shareholders eligible for corporate action benefits if the shares are sold on the ex-date/record date?
- What is a fractional share?
- What does delisting mean?
- What should be done if someone missed applying for a delisting?
- What is an FPO (Follow-on public offering)?
- What is the impact of mergers and spin offs on shares?
- Why were the shares not eligible for corporate action benefits even though they were purchased before the ex-date?