Re: GM-Delphi distribution

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In Reply to: Re: GM-Delphi distribution posted by Lawrence Brandon on May 30, 1999 at 14:39:32:

: : : 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
: :
: :

Lawrence,
Good point, it does sound like a spin-off.
How to handle these in FM is documented at:

http://www.fundmanagersoftware.com/spin.html

Thanks,
Mark
--
Mark Beiley

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

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