18:41
I think I just wouldn’t reach out and if they ask for them then say that
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Simple English definitions for legal terms
ex distribution
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A quick definition of ex distribution:
Term: Ex Distribution
Definition: Ex distribution means without distribution. When a company distributes profits or dividends to its shareholders, the shares are traded ex distribution when they no longer carry the right to receive a distribution. This is indicated by the abbreviation X or XDIS. In simpler terms, it means that if you buy shares after the ex distribution date, you will not receive the distribution that was announced by the company.
A more thorough explanation:
EX DISTRIBUTION
Ex distribution means without distribution. When shares are traded ex distribution, it means that they no longer carry the right to receive a distribution to be made to holders. This is abbreviated as X or XDIS.
For example, if a company declares a dividend of $1 per share and the ex distribution date is set for June 1st, then anyone who buys shares on or after June 1st will not receive the dividend payment. Only those who owned shares before June 1st will receive the dividend.
Another example is when a mutual fund pays out capital gains to its shareholders. If an investor buys shares of the mutual fund after the ex distribution date, they will not receive the capital gains payment.
The examples illustrate how ex distribution works in practice. When shares are traded ex distribution, it means that the right to receive a distribution has been removed. This is important for investors to know because it affects the value of the shares. If an investor buys shares after the ex distribution date, they will not receive the distribution payment, which can impact their return on investment.