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Re: Exchange of Shares

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Posted by Mark on March 07, 2001 at 17:41:27:

In Reply to: Exchange of Shares posted by Gerry Fry on March 07, 2001 at 13:43:20:

: My broker advises that 48 shares of one company have been exchanged for 48 shares of another company. The statement shows a $0.00 in the Amount column. How do I record that in Fund Manager and still keep the historical data for the original company that now applies, I presume, the the new company?

Hi Gerry,
This sounds like there is really no requirement to record a transaction.
You can just change the name of the company. You could record a note, or
maybe even a 1 for 1 split to mark the changeover, but isn't necessary.

Thanks,
Mark
--
Mark Beiley

Fund Manager, portfolio management software for Windows 95/98/ME/NT/00




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