Re: Spin-off with cash-in-lieu

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Posted by Mark on September 08, 2007 at 10:32:33:

In Reply to: Re: Spin-off with cash-in-lieu posted by Steve on September 07, 2007 at 22:14:43:

: As mentioned in my initial message, that's the first thing I tried.

: Try it out and see what happens. On my computer, the end result is a share count of of 65.99967 shares or whatever of ALE no matter how I try to manipulate the numbers. Try 0.667 shares or 0.6667 shares or 0.666667 or 0.6 shares...

: There should be an easier way to deal with this kind of problem.

Hi Steve,

After your 200 shares split 1 for 3, you will own 66.666666666... shares. Fund Manager tracks share balances out past 6 digits to the right of the decimal. It considers anything with 0 shares out to 6 significant digits to be zero. Therefore, you can record a sell of 0.666666666 shares, and this will result in you owning 66 shares. If you are still having troubles, you can email me this investment, and I can help.

Thanks,
Mark
--
Fund Manager - Portfolio Management Software

Replies:

• Re: Spin-off with cash-in-lieu Steve 11:11:54 09/08/07 (0)