Binance plans to turn the net value of Dell Technologies (DELL) dividends into additional DELLB units for eligible holders, delivering the distribution in units tied to Dell.
Applicable withholding taxes, fees and other deductions will be factored in before Binance acquires more units. For on-chain DELLB holders, the distribution will be reflected through an adjustment to the bStocks multiplier.
Binance is scheduled to take the eligibility snapshot at 8 p.m. ET Monday, Oct. 19 (00:00 UTC Oct. 20).
