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When was the cut off date for buying BCE common shares and benefiting from the distribution of new Nortel shares on the Toronto Stock Exchange?

April 26, 2017benefiting buying common cut distribution Shares stock exchange

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When was the cut off date for buying BCE common shares and benefiting from the distribution of new Nortel shares on the Toronto Stock Exchange?

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The record date was May 5, 2000. Any shares bought through a broker on or before May 2 (it took three business days to settle a transaction) were part of the distribution. Conversely, if you sold BCE shares on or before May 2, you were not eligible to receive the new Nortel shares.