Attention, those of you who own M.D.C. Holdings, Inc. (MDC): MDC has announced a special 8% stock dividend. The dividend will take the form of a distribution of additional shares of MDC stock. Owners of MDC will receive 8 additional share of stock for every 100 shares owned on the date of record, which is December 5th. Concurrent with this, the strike prices for open call and put options for MDC have been adjusted downwards.
On December Trade Day if the position is still open, you will sell the extra shares you have received, and record the net proceeds to your Stake worksheet as an ordinary dividend. If you are a Lattco PRO or Lattco AutoPilot user please contact us AFTER selling the additional shares and we will make the necessary adjustments to your records.