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by perfunctory 3237 days ago
@kgwgk well, the company obviously doesn't want to pay the dividend twice. So indeed they will only pay to Z. If X pays Y I presume that's just the terms of the lending agreement.

> What doesn't make sense is for both Y and Z to vote, for example.

Very good point. But it just confirms that it makes no sense to say that Y still owns a share.