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Posted by Dick on April 22, 2007, 2:40 pm
Please log in for more thread options John,
I tried your suggestion and it did what I thought it should do. I
originally used the corporate Spin-off because it was the only option that
gave me the choice of it being a taxable change or not. Using your
suggestion worked fine
Thanks again for you support.
Dick
> Dick wrote:
>> This past week DWS Scudder merged it's Short term bond
>> fund into DWS Short Duration Plus fund. To update my
>> Scudder account, I did a Corporate Securities Spin-off
>> transaction with the following results: Q07 opened a new
>> fund in the Scudder account for the DWS Short Duration
>> fund calculating the new number of shares and the total $
>> amount correctly for the new Fund. When I look at my
>> portfolio it now shows both the old fund and the new
>> fund. It did not Zero out the old fund and therefore the
>> total $ for the account is twice what it should be. I
>> tried to delete the old fund but Q07 would not allow it,
>> it suggested deleting each and every one of the
>> transactions one at a time, I have date that goes back to
>> 1992 with many transactions. Is there a way to hide a
>> Fund that is in an account so that the $ does not show in
>> my Net Worth? When I tried to do that it hides the whole
>> account not just one fund. Am I missing something
>> shouldn't Q07 have zeroed out the old fund automatically?
>> If it did I would not have this problem.
>
> Think about it. When corporations spinoff other corporations,
> how often does the corporation doing the spinoff become
> non-existant.
>
> Why not try a Corporate Acquisition, having the Short Duration
> fund acquire the Short Term Bond fund.
>
> --
> John Pollard
> First initial underscore Last name at mchsi dot com
> Please reply to newsgroup
>
>
>
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