Re: GM-Delphi distribution

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In Reply to: Re: GM-Delphi distribution posted by Mark on May 30, 1999 at 09:09:10:

: : What is the proper way to account for the GM distribution of Delphi Automotive? I received .69893 shares for every share of GM I held and these shares did not cost me anything. This isn't a split, nor is it normal distribution, but if I try to report it as a buy, the program says I must show a cost. Any help would be greatly appreciated. Thank You -- Dick

: Hi Dick,
: How about recording a distributed distribution
: in GM for the cost basis of the new Delphi shares,
: and then recording a purchase into a new Delphi
: investment.

: Thanks,
: Mark
I thought GM had a spin off instead of a distribution
: --
: Mark Beiley
:
: Fund Manager for Windows 3.1x/95/98/NT
:
:

Replies:

• Re: GM-Delphi distribution Mark 07:45:43 6/01/99 (0)