{"id":1171,"date":"2007-09-07T19:23:36","date_gmt":"2007-09-07T23:23:36","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=1171"},"modified":"2007-09-07T19:23:36","modified_gmt":"2007-09-07T23:23:36","slug":"george-weston-directors-please-buy-a-calendar","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=1171","title":{"rendered":"George Weston Directors: Please Buy a Calendar!"},"content":{"rendered":"<p>On July 30, George Weston <a href=\"http:\/\/www.cnxmarketlink.com\/en\/releases\/archive\/July2007\/30\/c2456.html\">announced<\/a>:<\/p>\n<blockquote><p>NOTICE IS HEREBY GIVEN THAT a quarterly dividend on George Weston Limited Common Shares, Preferred Shares, Series I, Preferred Shares, Series II, Preferred Shares, Series III, Preferred Shares, Series IV and Preferred Shares, Series V is payable as follows:<br \/>\n<strong>&#8230;<\/strong><br \/>\nPreferred Shares, Series II\u00a0\u00a0\u00a0 &#8211;\u00a0 $0.321875 per share payable October 1, 2007, to shareholders of record September 15, 2007;<\/p><\/blockquote>\n<p>Will somebody <em>please<\/em> buy a calendar and send it to the George Weston board? September 15 is a <em>Saturday<\/em>.<\/p>\n<p>In such cases, the way to think about the problem for purposes of calculating the <a href=\"http:\/\/www.prefshares.com\/glossary.html#exDate\">ex-Dividend Date<\/a> is to say &#8230; OK. It&#8217;s calculated as of 5pm on Saturday. The transfer agent is closed, so there won&#8217;t have been any changes to the books between 5pm Friday and 5pm Saturday. Therefore the <em>real<\/em> record date is Friday September 14; therefore the ex-Date is September 12.<\/p>\n<p>I can understand that, due to sloppiness in preparation of the prospectus, the pay-date must be declared as the first of the month, even when that&#8217;s not a business day. But record dates are not even mentioned in the prospectus; there would appear to be no reason not to <em>say<\/em> the 14th when you <em>mean<\/em> the 14th &#8230; and this would make life a lot simpler, especially for retail.<\/p>\n<p><strong>Update<\/strong>: This goes for you, too, Brookfield!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On July 30, George Weston announced: NOTICE IS HEREBY GIVEN THAT a quarterly dividend on George Weston Limited Common Shares, Preferred Shares, Series I, Preferred Shares, Series II, Preferred Shares, Series III, Preferred Shares, Series &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1171","post","type-post","status-publish","format-standard","hentry","category-better-communication-please"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/1171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1171"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/1171\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}