Re: Ticker symbol conversion

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Posted by Mark on October 17, 2006 at 17:32:40:

In Reply to: Ticker symbol conversion posted by Jamie on October 17, 2006 at 17:26:20:

: Just inquiring what is the best way to handle when a mutual fund undergoes a non-taxable conversion (in a taxable account) from one ticker symbol to another. At the same time the number of shares may be slightly different. I tried using a "spin-off", but I still have the original shares still there, when I need those to go to zero without ending up on the capital gains report.

: I'm currently using splits for when a fund undergoes a class conversion and I keep the same ticker. But using splits will not work with funds having more than 5000-10000 shares as FM truncates to 6 decimal digits. It's not real common, but it has happened 4 times over the last couple of years. Fortunately, these have been small funds.

: Jamie

Hi Jamie,

A split transaction is the best solution here. Notice that you can enter both the numerator and denominator of the split ratio, so you can enter a for split. This works better than some long fraction for 1 share split.

Thanks,
Mark
--
Fund Manager - Portfolio Management Software

Replies:

• Re: Ticker symbol conversion Jamie 18:04:31 10/17/06 (1)
  • Re: Ticker symbol conversion Mark 18:27:34 10/17/06 (0)