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Re: Stock splits and "Cash-In-Lieu"

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Posted by Mark on May 12, 1999 at 20:44:12:

In Reply to: Stock splits and "Cash-In-Lieu" posted by Gerald Pagels on May 12, 1999 at 11:33:48:

: When stock splits result in partial shares the owner receives "Cash-In-Lieu" from the company. Entering the split in Fund Manger results in fractional shares. Mark mentioned in reply to another post on this subject to correct this with a entering a redemption. This "false" redemption which corrects the number of shares also shows up on the capital gains/loss at the end of year, however. Is there any other method to handle this partial share from stock split problem in Fund Manager.
: Gerald

Hi Gerald,
In order to reduce the number of shares, you
have a few options:

1) Record a redemption

2) Record a negative reinvested distribution

3) Record a split ratio as a fractional number
to make the share balance correct, and record
a distributed distribution.

Thanks,
Mark
--
Mark Beiley

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

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