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"Ann. return" seems to be off RRS feed

  • Question

  • Recently Valero Co. did a" NON-TAXABLE SPIN OFF/LIQUIDATION DISTRIBUTION" , for each 9 shares of Valero Stock I received 1 share of the new ccompany (CST) .

    The transaction downloaded into MS Money as "added Shares". it came to 55 shares @29.85 for a total of $1641.00.

    This is all well, but since there was no money exchanged it shows up in the "Ann.return" column as 5467% gain

    Any other way to account for this? I am sure the price of Valero stock dropped accordingly but I am not sure of it.

    gunther schwarz  

    Wednesday, May 15, 2013 10:24 PM

All replies

  • If you are using Money Plus, you should void the downloaded transaction. Leave it there for a while. Also void the CIL cash transaction that you probably downloaded. Then do a spinoff of CST from VLO. Have Money Sell the fractional share, and make a rough estimate of the value of CST during the spinoff. Then edit the Sell that Money generated: blank the per-share price, and change the Total to the CIL amount. Money will re-compute the per-share price for the transaction.

    Wednesday, May 15, 2013 11:49 PM
    Moderator
  • Thanks, Cal, as always, you come up with a solution         gun
    Thursday, May 16, 2013 4:07 AM