Dick is correct. Its 4days. And with Monday being Labour Day, that makes today ex div by definition.
16th -4days = 12th (non settlement day), so Friday 9th it is.
Where confusion often arises is the definition of 'record date'. Basically a snap shot of COMPANY share registry at 5pm on that date.
ex date which is 4days prior to record date.
settlement which is T+3.
The confusion is based on CHESS. In the AEZ example T+3 and Mondays public holiday, your shares would settle on CHESS on Thursday after 5pm. ie you have all day to deposit the funds.
So, sometime after 5pm on Thursday the shares are entered into your CHESS holdings. ie before the Friday 5pm deadline.
But CHESS register is NOT company register. It takes another day for CHESS to appear on company register (eg computer share). So sometime after 5pm Friday your shares are on the COMPANY share register.
Its confusing. It involves HIN and SRN.
Basically SRN is only listed on the company register, but when you need to sell them they need to be converted to CHESS.
HIN is duplicated. You will appear on the CHESS subregister and the company register. But their is a 1day lag in reporting.
Knowing HOW isn't important. Just take it as fact. ex date IS 4days before record date.
AEZ Price at posting:
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