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Re: Single fund conversion to more than three different funds

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Posted by J.T. Amin on January 27, 2001 at 08:23:32:

In Reply to: Re: Single fund conversion to more than three different funds posted by Mark on January 20, 2001 at 10:40:48:

: : 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?

: Thanks,
: Mark
: --
: Mark Beiley
: Fund Manager for Windows 3.1x/95/98/NT


The account manager and the fund company did 'Exchange redemption' and 'exchange purchase'on the fund. The original shares were divided into three lots of shares and then the 'exchange redemption' and 'exchange purchase' was done.

'sell' and 'purchase' was not done.

Thanks for your response.

J.T. Amin

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