How to record -- my mutual fund is closing

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  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.

  David

  Wednesday, November 27, 2013 4:22 PM