If you sold the UBP shares on the ex-date, or after the ex-date, you’re still allowed to participate in the SRO. No need to hold the UBP shares until the Record Date. Any day that I can go to bed “less wrong” is a good one in my books. --Merkado Barkada is a free daily newsletter on the PSE, investing and business in the Philippines. Merkado Barkada's opinions are provided for informational purposes only, and should not be considered a recommendation to buy or sell any particular stock.