Binance bStocks to Distribute Micron Technology Stock Dividends to MUB Holders

PANews, October 12 – According to an official announcement, Binance will distribute Micron Technology (Micron Technology, MU) stock dividends to MUB holders via bStocks. After deducting applicable withholding taxes, fees and other related charges, the net cash dividend will be automatically reinvested in the same underlying security, and eligible users will receive the dividend in the form of MUB stock tokens. Users holding MUB balances on-chain will receive bStocks dividends through a multiplier adjustment.

The dividend eligibility snapshot time is 8:00 on October 14 (UTC+8). Binance will suspend the 1:1 conversion service between MU stock and MUB bStocks, as well as MUB deposits, withdrawals and conversion functions, at 07:30 on October 14 (UTC+8), and these will automatically resume after the distribution is completed. Dividends generated from other accounts will be credited to the spot account.