Re: Chase Manhattan Bank 3/2 Stock Split w/ Cash In Lieu
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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:
: 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,
You would record the 3/2 split and then a redemption of 0.5 shares for the
$24.58 you received.
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