CMCRC: UNDERWRITING OF DIVIDEND RE-INVESTMENT PLANS PUSHES STOCK PRICES DOWNWARD – RESULTS SUGGEST SHAREHOLDERS SHOULD THINK TWICE BEFORE TAKING UP DIVIDEND
The Capital Markets Cooperative Research Centre (CMCRC) has discovered abnormal trading activity by underwriters of dividend re-investment plans (DRPs) which push prices downward in the pricing period and result in a lower issue price.
Like this:
Like Loading...