EX-DATE

EX-DATE
Ex-date is the date which determines whether the owner of a fund is entitled to the current dividend. The holder of a fund is eligible to receive a dividend if the fund is owned prior to the beginning of trading on ex-date.
Also, on ex-date the price of the fund should drop by the approximate amount of the dividend. NOTE: If a fund is purchased on or after ex-date, the new owner is NOT eligible to receive the current dividend.