Re: Fixed Funds
[ Q3 01 - Q1 03 Archive ]
[ Current Message Board ]
[ Archives ]
[ Search ]
Posted by Mark on January 19, 2002 at 15:04:24:
In Reply to: Fixed Funds posted by Gary Trimmier on January 19, 2002 at 09:47:48:
: Mark - I have a Fixed Fund in which the share quanity does not vary. How would I record a Dividend distribution that is reinvested in the fund without increasing the amount of shares? My custodian records the distribution as reinvested buying x amount of shares, then does a reverse split only on the quanity of new shares in effect negating the increase in share count.
: Thanks again.
You can record it the same way in FM. A reverse split or 'recombination'
can be recorded by doing a split with a ratio less than 1.
Fund Manager, portfolio management software for Windows 95/98/ME/NT/00/XP