How to record -- my mutual fund is closing RRS feed

  • Question

  • My mutual fund company is closing the fund I have, and moving my proceeds to another of the company's mutual funds. I will get the same value for my fund in a different mutual fund.

    It will not be a sale and then purchase - there won't be a taxable event.

    How do I handle this in my account list? I have one account for this mutual fund and the fund which is closing is the only security in this account.

    Is this a "remove shares" and "add shares", or is it something similar to a stock spin-off? The fund which I will be transferred into is not one that I currently own.

    I am using Microsoft Money 2007.

    Thank you for any advice.


    Wednesday, November 27, 2013 4:22 PM

All replies

  • You can handle this by doing a split and then renaming the old fund to the new name.  Here's a link:


    Post back if you need more detail.

    Bill Becker

    Wednesday, November 27, 2013 4:41 PM