F&N paid out $0.42 per share to eligible investors on or around 3-Apr-2014 in an exercise called capital reduction. As I have shared with readers, I bought F&N stocks and one of the reasons why I bought F&N share then was due to this fact of capital reduction as I know that I would be paid 42-cents per share if I were to hold on to the stocks. I paid $3.40 for F&N per lot (1000 shares) and I still remember that the day before F&N went ex-entitlement, F&N stock went as high as $3.68 in stock price and on the day of ex-entitlement, the stock price went south to around $3.20+.
I will not want to tell you whether I have sold the stock now, but if you are one of the investors who have actually planned to profit from this cash entitlement arising from ......