Binance said in an official announcement that it will distribute dividends for Marvell Technology (MRVL) and Oracle Corporation (ORCL) through bStocks to users holding balances of MRVLB and ORCLB. After applicable withholding tax, fees, costs, and other expenses are deducted, the net cash dividend amount will be reinvested into additional whole or fractional units of the same underlying securities. Eligible users will receive the distribution in the form of MRVLB and ORCLB stock tokens. Users holding MRVLB and ORCLB balances on-chain will receive bStocks dividends through a multiplier adjustment mechanism, according to the notice.
Binance said in an official announcement that it will distribute dividends for Marvell Technology (MRVL) and Oracle Corporation (ORCL) through bStocks to users holding balances of MRVLB and ORCLB.
According to the notice, the net cash dividend amount, after applicable withholding tax, fees, costs, and other expenses, will be reinvested into additional whole or fractional units of the same underlying securities. Eligible users will receive the distribution in the form of MRVLB and ORCLB stock tokens.
Users holding MRVLB and ORCLB balances on-chain will receive bStocks dividends through a multiplier adjustment mechanism, Binance said.
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