Re: Stock Dividend?

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In Reply to: Re: Stock Dividend? posted by David on September 01, 2004 at 02:50:24:

: Thanks. Done.

: I have a suggestion, by the way, if it hasn't already been implemented - I'm running FM 5.2.

: As far as I can see, a split on a position with fractional shares very rarely includes the fractional shares. In other words, if a person has 120.37 shares which split 2 for 1, he will normally get 120 new shares; the rest he will either get as cash-in-lieu or not at all. It might be easier if Fund Manager could be set to ignore the fractional shares automatically.

: Thanks again.
: David.

Hi David,

Thanks for the feedback. Often you will receive cash for any partial
shares. In this case, you can record the split as normal, and then just
record a sell of the partial shares for cash.

Thanks,
Mark
--
Mark Beiley
Fund Manager, portfolio management software for Windows 95/98/ME/NT/00/XP/2003

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