German prosecutors search Blackrock’s offices in dividend stripping probe: source By Reuters

FRANKFURT (Reuters) – German prosecutors searched the Munich offices of fund investor Blackrock (NYSE:) on Tuesday in connection with an investigation of dividend stripping trades, a person with knowledge of the matter told Reuters.

A spokesman for Blackrock said: “Blackrock is fully cooperating with an ongoing investigation relating to cum ex transactions in the period 2007-2011.”

State prosecutors in Cologne declined to comment.

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