IMPORTANT: there's a problem with special dividends in a strategy simulation

Announcements
1

Hello,

A problem was introduced in March where special dividends that have the same ex-date and pay-date are never added to the cash affecting overall performance. These type of dividends are used by S&P with mergers for example. On the day after the last day of trading a special dividend is paid that represents what you got for your shares (usually cash or the market value of the acquirer’s stock).

Depending on your system this can severely understate your simulation results. We’ll have a fix shortly

Sorry about this.

2

Should be all good now. If you re-run your simulation you might see an improvement. It was very obvious in my Merger & Acquisition Designer Model because it only buys stocks in merger talks and has a lot of special dividends.

Also note that this does not affect live strategies. Only simulations were affected.

3

cool, thank you Marco!