I hope someone can help me to understand this.
I shorted ALL (by CFD) on 1st August 2009 and just closed it today, 2nd September 2009. everything is normal except that there is a cost for "dividend paid".
ALL announced the dividend on 25th August 2009. nothing happen to my account then. record date is 8th September 2009. payment date is 29th September 2009.
So I have to pay the dividend even though the day I sell is not even reach record date yet?!
I have read the Terms and Conditions of City Index. They not mention about the date they will pay the dividend (go long) or deduct it (go short). but it should be the same like shares.