When was the cut off date for buying BCE common shares and benefiting from the distribution of new Nortel shares on the New York Stock Exchange?
Any BCE common shares bought the “regular way” through a broker – stock symbol BCE – on or before May 8, entitled the holder to receive new Nortel common shares. Conversely, if you sold BCE common shares before May 1, you were not eligible to receive the new Nortel shares. Trading and settlement rules on the New York Stock Exchange are a complex issue. BCE recommends that U.S. shareholders verify with their financial advisers or brokers if they were entitled to receive the new Nortel common shares.
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