Motorola Spinoffs

[aneilljr]

I received notice that my 1085 shares of MOT reverse split to 135 shares of MMI and 155 shares of MSI. How do I treat this in FM? Need a cookbook type instruction.

[Mark]

Hi aneilljr,

There are probably a couple ways you could record this, but here is a good one:

1) Record a split in your MOT with a ratio of 135 for 1085. Change the name and symbol of your MOT investment to MMI under "Investment Properties...".
2) Record a spin-off in MM1 for 155 shares of MSI. You will need to know how much of the original cost goes towards MMI and how much towards MSI.

[aneilljr]

So, how do I post a spin-off of MMI?

[Mark]

Hi aneilljr,

Right mouse click on the parent (MSI), and choose 'Investment Data / Spin-off..." and fill in the information there.