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Re: Spin off and reverse split - cost basis

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Posted by Mark on December 17, 2002 at 14:03:02:

In Reply to: Spin off and reverse split - cost basis posted by GBest on December 17, 2002 at 13:31:52:

: ATT had a spin off of Broadband and reverse split on Nov 18. I'm not sure if the cost basis comes out OK if I record both on the same day. Do I need to date the split Nov 19?

: Thanks

Hi GBest,

You should record everything on the day it actually occured. It is fine to
have multiple splits/recombinations recorded on the same date. For info on
how to handle the spin off see:

http://www.fundmanagersoftware.com/spin.html

Thanks,
Mark
--
Mark Beiley

Fund Manager, portfolio management software for Windows 95/98/ME/NT/00/XP
/XP

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