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Re: Rights issues - how to deal with?

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Posted by Mark on April 20, 2005 at 11:07:53:

In Reply to: Rights issues - how to deal with? posted by Paul King on April 19, 2005 at 19:41:30:

: As a shareholder, I am occasionally issued with rights, warrents or options to buy new shares at a nominated discounted price, and these often have a positive value if sold rather than exercised.
: How should the value realised by selling rights be categorised & clearly identified? It is not a redemption of shares, nor is it a distribution in the normal sanse

:
: Cheers

: Paul King

Hi Paul,

I would suggest recording these as a "Other" distribution type. It is money that this investment has generated for you, and by categorizing it as "Other" you can keep track of how much came from this source.

Thanks,
Mark
--
Mark Beiley
Fund Manager, portfolio management software for Windows 95/98/ME/NT/00/XP/2003

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