≡	Fund Manager PORTFOLIO MANAGEMENT SOFTWARE

Re: Chase Manhattan Bank 3/2 Stock Split w/ Cash In Lieu

[ Q2 00 - Q2 01 Archive ] [ Current Message Board ] [ Archives ] [ Search ]

Posted by Mark on July 09, 2000 at 13:15:38:

In Reply to: Chase Manhattan Bank 3/2 Stock Split w/ Cash In Lieu posted by Arthur Neill on July 08, 2000 at 07:59:47:

: Mark,

: CMB split 3/2 on June 16 as a dividend distribution.
: The split resulted in my owning 322.5 shares of CMB.
: Part of the split, a half share, $24.58, was given as cash in lieu.
: How do I handle this. If I split the original shares 3/2, I wind up with 322.5.
: How do I get to 322 shares plus 24.58 which is what is in
: my Ameritrade account statement. I want to enter this activity properly in FM.

: Thank you,

: Art

Hi Art,
You would record the 3/2 split and then a redemption of 0.5 shares for the
$24.58 you received.

Thanks,
Mark
--
Mark Beiley

Fund Manager for Windows 3.1x/95/98/NT

Replies:

| | | |