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Financial Disclaimer

Last updated: May 12, 2026

This is a financial disclaimer. Read it before using any signal or data from diviStock. It applies in addition to our Terms of Service. If anything in this disclaimer is unclear, do not trade based on Content from the Service.

1. Not Investment Advice

diviStock publishes generic, impersonal financial information for educational and informational purposes only. Nothing on diviStock is, or should be construed as, investment advice, a recommendation to buy or sell any security, a solicitation, an offer, a tax opinion, a legal opinion, or a fiduciary communication.

We are not a registered investment adviser, portfolio manager, dealing representative, broker, dealer, or financial planner with the SEC, FINRA, OSC, CIRO, or any other regulator. Your use of diviStock does not create an adviser-client, broker-client, fiduciary, or agency relationship.

You should consult a registered investment professional, a qualified tax adviser, and an accountant licensed in your jurisdiction before making any trading or investment decision.

2. Past Performance Disclaimer

Past performance is not indicative of future results. Historical data shown on diviStock — including without limitation the verified 2021 record on our track-record page, any live track record we maintain, win rates, average gains, simulated backtests, monthly P&L breakdowns, and any chart or statistic of any kind — describes what happened in the past under specific conditions that may never recur.

Future performance may be materially worse than past performance. Future performance may result in significant or total loss of invested capital. No statement on diviStock is a forecast, projection, or guarantee of future returns.

3. Dividend Run-Up Strategy — Specific Warnings

The dividend run-up strategy is the practice of buying a stock during a defined window before its ex-dividend date and selling before the ex-dividend date, with the objective of capturing pre-ex-dividend price appreciation. The strategy does not involve holding the stock through the ex-dividend date and does not result in the subscriber receiving the underlying dividend payment.

Holding periods under this strategy are typically short (in the order of days). A shorter holding period reduces the duration of exposure to broad market price movements relative to longer-term investing approaches; it does not reduce, and may concentrate, other categories of risk including those described below.

The strategy involves substantial risks specific to its mechanics:

Failure of the run-up to occur. The pre-ex-dividend price run-up is a historical pattern, not a guarantee. In any given cycle the run-up may be small, absent, or negative. Past run-ups are not indicative of future run-ups.
Ex-dividend price drop while still holding. The strategy is designed to exit before the ex-dividend date, but execution timing, gap risk, missed sell signals, or delayed fills can result in the position still being held at the ex-date open, exposing the trade to the full ex-dividend price adjustment.
No dividend income. Because the strategy exits before the ex-dividend date, subscribers do not receive the underlying dividend. Realized gains are short-term capital gains, not dividend income, and are not eligible for the Canadian dividend tax credit or US qualified-dividend treatment.
Commissions and slippage. Round-trip transaction costs and execution slippage often exceed the gross run-up gain on smaller positions.
Order-execution risk. The price you actually pay or receive depends on the order type you place, your broker's routing, time-of-day liquidity, and market volatility at the moment of execution. Market orders can fill at prices significantly different from the displayed quote, especially around the open, the close, on thin-volume stocks, or during news-driven volatility. Limit, stop, and stop-limit orders carry their own risks: limit orders may not fill at all if the market never reaches your price; stop-limit orders may fail to fill in a fast-moving market that gaps through your limit. You are responsible for understanding the order types your broker offers and choosing one that suits each individual trade. diviStock does not recommend any specific order type — the choice is yours, and the consequences are yours.
Volatility and gap risk. Ex-dividend dates often coincide with or follow earnings releases. Overnight price moves can far exceed any expected run-up gain.
Tax inefficiency. Short-term capital gains are typically taxed at higher rates than long-term gains and at higher rates than qualified dividends. Frequent trading increases overall tax liability versus a buy-and-hold approach.
Borrowing and shorting risk. If you trade on margin, you may receive a margin call and lose more than you invested. If you short stocks, your loss is theoretically unlimited.
Currency risk. Trading securities in foreign currencies introduces FX exposure that can exceed the run-up gain.
Information lag. Ex-dividend dates and dividend amounts can change after a signal is published, which can disrupt the expected run-up window.
Reference prices in our records. Win rates and average gains shown anywhere on diviStock are computed using daily closing prices, not the price you would have actually paid or received on any specific order. Your real results will differ from our records based on the order types and times you choose.

4. Data Accuracy

diviStock aggregates dividend, price, and corporate-action data from third-party providers. We make commercially reasonable efforts to keep this data accurate but we do not warrant the accuracy, completeness, or timeliness of any data. Data may be wrong. Data may be outdated. Data may be missing. You must verify all data directly with your broker and the relevant exchange or issuer before acting on it.

5. Suitability — You Are Responsible

You are solely responsible for assessing whether any signal, strategy, or security mentioned on diviStock is suitable for your personal financial circumstances, risk tolerance, time horizon, tax situation, account type, and jurisdiction. We have no information about your suitability, and we make no claim that any Content is suitable for you.

6. Founder's Personal Trades — Not a Recommendation

From time to time, diviStock publishes information about trades executed by the founder or other persons connected to the Service, including on our track-record page. These trades are retrospective, personal, and impersonal: they describe what one person did in their own account, in their own circumstances. They are not a recommendation that you do the same. The founder may hold, buy, or sell the same securities at any time, before, during, or after they are mentioned on the Service.

7. Conflict of Interest

The operator(s), employee(s), contractor(s), and affiliates of diviStock may personally trade in any security mentioned, listed, alerted, or otherwise referenced through the Service, and may do so before, during, or after Content is published. We are under no obligation to disclose specific positions or trades.

8. Forward-Looking Statements

Statements on diviStock that describe expected or projected events, anticipated returns, or future market conditions are forward-looking statements. They involve risks, uncertainties, and assumptions. Actual outcomes may differ materially. We undertake no obligation to update forward-looking statements.

9. No Guarantee of Profit, No Guarantee of Anything

We do not guarantee profit. We do not guarantee accuracy. We do not guarantee uptime. We do not guarantee timely delivery of alerts. We do not guarantee anything. You assume all risk of trading based on any Content from the Service. If you cannot afford to lose your invested capital, do not trade.

10. Jurisdiction-Specific Notes

For Canadian users

diviStock relies on the generally-available-advice provisions of Canadian National Instrument 31-103 and applicable provincial guidance. All Content is generic and not tailored to any subscriber. We are not registered with the Ontario Securities Commission or any other Canadian securities regulator. Subscribers who wish to receive personalized investment advice must consult a registered adviser.

For United States users

diviStock relies on the publisher's exclusion under §202(a)(11)(D) of the Investment Advisers Act of 1940 (as interpreted in Lowe v. SEC). All Content is generic, impersonal, and of regular and general circulation. We are not registered as an investment adviser with the SEC or any US state. Subscribers who wish to receive personalized investment advice must consult a registered investment adviser.

For users in other jurisdictions

You are responsible for determining whether your use of diviStock complies with the laws of your jurisdiction. You may not use diviStock in any jurisdiction where doing so would be unlawful.

By using diviStock you acknowledge that you have read and understood this Financial Disclaimer in its entirety.

diviStock provides research and educational content only. We are not registered investment advisors. The information and alerts provided are NOT financial, investment, tax, or legal advice. All investing involves risk including the potential loss of principal. Past performance, including 10-year backtest results, does not guarantee or predict future results. Always do your own research and consult a qualified financial advisor before making investment decisions. Use stop losses. By using this service you acknowledge that diviStock is not responsible for any trading losses you incur.