The schedule for dividends in XACT Bear, XACT Bull, XACT Bear 2 and XACT Bull 2 is as follows: …
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14 March 2012, The details of the dividends are made public
15 March 2012, Last day to trade fund units including the right to receive dividend
16 March 2012, Ex-dividend – the fund units are traded ex dividend
23 March 2012, Payment day
To receive a dividend you must own fund units when the market closes on the 15th March 2012. The last day to buy fund units and still receive a dividend is hence the 15th March. You can then sell your fund units the following day, you will still receive dividend.
If you don’t wish to receive a dividend you must sell your fund units by the 15th March 2012. You can then buy fund units again the following day (16 March) without receiving a dividend.
Source: ETFWorld – XACT
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