Declared cash dividends
Participants in the Bourstad simulations receive in canadian dollars any cash dividends declared by the companies from the first day the security is traded ex-dividend following a declaration of dividend.
A participant holding a short position will see their cash balance decrease by an amount equal to the dividend on their short position. In the event of an insufficient cash balance, the short position will be increased by a sufficient number of units to replenish the cash balance and allow payment of the said sum, without taking into account the limit on short positions.
These terms and conditions apply to any participant who holds, at the close of trading on the day preceding the ex-dividend date, a position in a security that is the subject of a cash dividend declaration.