Get Cds Notice

The Board may, within the period prescribed by the Act, fix in advance a date as the record date for determination of the shareholders (a) entitled to receive notice of a Meeting of Shareholders and (b) entitled to vote at a Meeting of Shareholders.

The Canadian Depository for Securities, Ltd. (CDS) is Canada's national securities depository, clearing, and settlement hub. It provides reliable and cost-effective depository, clearing, and settlement services for participants of Canada's equity, fixed income, and money markets.

The record date is set by the board of directors of a company and refers to the date by which investors must be on the company's books in order to receive a stock's dividend. A stock's price usually drops by the amount of the declared dividend on the ex-dividend date.

The Canadian Depository for Securities Limited (CDS) is a wholly owned subsidiary of the TMX Group Limited, which also owns the Toronto Stock Exchange (TSX), TSX Venture Exchange (TSXV) and the Montreal Exchange.

The calculation of record date is needed to ascertain who exactly a company's shareholders are as of that date since shareholders of an actively traded stock are continuously changing. The shareholders of record as of the record date will be entitled to get the dividend or distribution, declared by the company.

The Canadian Depository for Securities contact info: Phone number: (416) 467-8220 Website: .cds.ca What does The Canadian Depository for Securities do?

RECORD DATE Definition & Legal Meaning Records: Official date of a record when it was prepared, authorized, signed, or issued.

The record date, or date of record, is the cut-off date established by a company in order to determine which shareholders are eligible to receive a dividend or distribution.