Stock splits and "Cash-In-Lieu"
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Posted by Gerald Pagels on May 12, 1999 at 11:33:48:
When stock splits result in partial shares the owner receives "Cash-In-Lieu" from the company. Entering the split in Fund Manger results in fractional shares. Mark mentioned in reply to another post on this subject to correct this with a entering a redemption. This "false" redemption which corrects the number of shares also shows up on the capital gains/loss at the end of year, however. Is there any other method to handle this partial share from stock split problem in Fund Manager.
Gerald
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