Entering exchange of shares for a different share class

[KCarlander]

Hello,

Is there a way to reflect an exchange of shares (Class 1) for a different share class (Class 2) without distorting monthly performance reporting?
The exchange resulted in owning fewer shares of Class 2 but with the same basis as previously held Class 1 shares.

Thanks,

Kristin

[Mark]

Hi Kristin,

Yes, just record a split transaction, with a ratio of <new_shares> for <old_shares>. You can then change the name/symbol if necessary. This works fine if your whole investment gets converted, but not so well if only some of the shares got converted. In version 9, we'll have 'transfer' transactions, that allow you to transfer part of an investment to a new one, while maintaining your cost basis.

[KCarlander]

Mark,

Thank you. This will work. I'm glad I asked.

Kristin

[stevetone]

...In version 9, we'll have 'transfer' transactions, that allow you to transfer part of an investment to a new one, while maintaining your cost basis...

Thank you!

Steve