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Re: Single fund conversion to more than three different funds

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Posted by Mark on January 20, 2001 at 10:40:48:

In Reply to: Single fund conversion to more than three different funds posted by J.T. Amin on January 20, 2001 at 08:46:01:

: I had a mutual fund that was converted by my account manager to three different funds.

: My shares in the original fund were split in three and then invested in to three different mutual funds.

: How do I handle this in the fund manager? The fund manger allows you to split fund only once. If I start three new investments then I loose track of my cost basis. Is there a way to do this without loosing track of my initial fund?

: I will appreciate help in this.

: Thanks.

Did your account manager sell your shares in the first fund? You would want
to model it however it really happened. What is the cost basis for your
3 new funds determined by?

Mark Beiley

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

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