According to the recent email received from M.D.C. Holdings, they will be distributing a special 8% stock dividend. Can I expect you to help us receive the stock to be distributed?
The stock dividend will be distributed on March 17, 2021 to shareholders of record on March 3, 2021, with a brokers’ cut-off date of March 10, 2021, and will be in the form of one additional share of MDC common stock for each 12.5 shares owned by shareholders on the record date. Cash will be paid in lieu of fractional shares based on the closing price of MDC’s common stock on the record date.
Thanks for your help here!