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Re: Scrip Issues

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Posted by Mark on March 19, 1999 at 17:16:14:

In Reply to: Re: Scrip Issues posted by John on March 19, 1999 at 11:10:12:

: : : How can I record a scrip issue, i.e. when a company gives shares at no cost to the shareholder?

: : This sounds the same as a reinvested distribution.
: : You could treat it as such.

: : Thanks,
: : Mark
: : --
: : Mark Beiley
: :
: : Fund Manager for Windows 3.1x/95/98/NT
: :
: :
: Thanks, Mark. But it will not let me do this with a cost of zero.

To keep your cost basis the same, and adjust
the number of shares you own, you could record
a split, such as a 1.05 for 1 ratio split.

Thanks,
Mark
--
Mark Beiley

Fund Manager for Windows 3.1x/95/98/NT

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