Fixed Funds
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Posted by Gary Trimmier on January 19, 2002 at 09:47:48:
Mark - I have a Fixed Fund in which the share quanity does not vary. How would I record a Dividend distribution that is reinvested in the fund without increasing the amount of shares? My custodian records the distribution as reinvested buying x amount of shares, then does a reverse split only on the quanity of new shares in effect negating the increase in share count.
Thanks again.
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