Re: Putnam fund class conversion - B to A
In Reply to: Putnam fund class conversion - B to A posted by Mike on January 27, 2001 at 08:36:12:
: I am not sure how to handle mutual fund class conversion in FM.
: Recently shares of my Putnam New Opportunity fund automatically converted from class B to class A after holding the shares for a number of years.
: The total dollar value of this account did not change, but the number of shares changed slightly due to a small difference in the B/A share values. For example it looks like Class B was at $63.91 and Class A was at $59.49 on the date of the conversion (1/19/01). Accordingly, the equivalent number of Class A shares increased.
: I thought about using the "spin off" process, but I think that way is wrong. I searched the message board and help files, but I did not see an example of class conversion (other than a simple name change).
: Thanks for the help. FM is excellent!
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