Clearing House Advisory Notices
To | Clearing Member Firms
From | Clearing House Deparment
Subject | CORPORATE EVENT: Automatic Data Processing (ADP) Contract Adjustment 4/2/07
Notice Date | 2007-03-28
Notice Number | 07-83
Effective Date | 2007-04-02
Automatic Data Processing, Inc. (ADP) has announced a distribution of Broadridge Financial Solutions Inc. (BR) Common Shares. The distribution ratio is .25 BR Common Shares per ADP Common Share. The New York Stock Exchange (NYSE) has set April 2, 2007 as the ex-distribution of the distribution. The NYSE has determined due-bills for the BR distribution must accompany each ADP Share delivered after March 23, 2007 in settlement of ADP transactions made prior to the ex-date. This corporate action will be coordinated with the Options Clearing Corporation. For the full text of this advisory . . .