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Binance to Reinvest Net Dell bStocks Dividends in Additional Tokens

Withholding taxes, fees and other charges will be deducted before reinvestment. The eligibility snapshot is scheduled for Oct. 19 at 8 p.m. ET (Oct. 20, 00:00 UTC).

A metal token unit joins a precise row of matching pieces / TokenPost.ai
A metal token unit joins a precise row of matching pieces / TokenPost.ai

Binance will automatically reinvest eligible DELLB holders’ net cash dividends for Dell Technologies (DELL) in additional units tied to the same underlying security, with on-chain distributions handled through a multiplier adjustment mechanism.

Withholding taxes, fees and other charges will be deducted before reinvestment. Binance will use the remaining dividend amount to acquire additional token units. On-chain holders will receive the corresponding bStocks dividend through an adjustment to the multiplier.

The eligibility snapshot is scheduled for Oct. 19 at 8 p.m. ET (Oct. 20 at 00:00 UTC).

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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