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book closure

   Also found in: Wikipedia 0.07 sec.
Book Closure
A company's announcement of a dividend or bonus to investors.

Notes:
Only members listed in the company's registration at the cutoff date would be entitled to receive the corporate benefits. However, because shares continuously change hands during transactions, identifying the owner of certain shares becomes complicated. If a company announces book closure today, anyone who currently owns the stock will be entitled to the dividend.

book closure
1. The termination of announced benefits to new shareholders. For example, a company announces a specific date on which it will close the firm's books for shareholders to receive a dividend.
2. See holder of record.


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? Mentioned in ? References in periodicals archive
 
The Board has fixed the book closure dates from Wednesday, May 23, 2001 to Monday, June 11, 2001 (both days inclusive) for purpose of ascertaining the names of Members who would be entitled to the dividend, if declared, at the Annual General Meeting.
ICICI Bank Performance Review FY2001: Strong Growth in Profits by Business Wire
The book closure arrangements between 16th July, 1998 to 23rd July, 1998 for the Existing Warrants will accordingly be cancelled.
Semi-Tech Corporation Limited Announcement by Business Wire
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