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PacWest Equities Reports Effectiveness Of Forward Split/Dividend Of Stock

11/2/2012 6:11 PM ET

PacWest Equities Inc. (PWEI.PK) provided further details pertaining to the recently announced 3-for-1 dividend (a/k/a forward split) to shareholders of its common stock.

The Financial Industry Regulatory Authority, Inc. or "FINRA" has approved this action effective the opening of trading November 5, 2012. The stock will trade under the temporary symbol "PWEID" for a period of 20 business days after which it will revert to the symbol "PWEI".

Although the Company previously set the record date for the dividend as at October 18, 2012, the payment date as declared by FINRA has been for the close of business today, November 2, 2012, PacWest Equities said.

All shareholders owning shares at the close of business today, November 2, 2012, will be eligible to receive the dividend.

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by RTT Staff Writer

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