Effective May 28, 2024, the Cboe U.S. Equities Exchanges will transition to a shortened standard settlement cycle, with regular way settlement taking place one business day after the trade date (T+1), in accordance with SEC amendments to Exchange Act Rule 15c6-1(a).

The Cboe U.S. Equities Exchanges will also shorten the period for which transactions in stocks are ex- dividend or ex-rights. Currently, the Cboe U.S. Equities Exchanges commence ex-dividend trading one trading day before the record date for a dividend or other distribution. Upon implementation of the new settlement cycle, ex-dividend trading will take place on the same date as the record date.

As a result of the transition to a T+1 settlement cycle effective May 28, 2024, the settlement date for trades that occur on both May 24, 2024, and May 28, 2024, will be May 29, 2024.

The Cboe U.S. Equities Exchanges and other self-regulatory organizations have agreed with DTCC that no securities will become ex-dividend on May 28, 2024.