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Posted by Barbara L on November 18, 2007, 7:01 pm
Please log in for more thread options Thanks a bunch. That was it. It took a bit to get it fixed. Appreciate the
quick response.
Barbara L
> Barbara L wrote:
>> Hi
>>
>> Oppenheimer Growth Fund Class A shares were reorganized on Nov 9 into
>> Oppenheimer Capital Appreciation Fund A. 644.78, growth shares with
>> value of 23398.51 (share price $36.12) became 445.262 shares of
>> capital app value of 23398.51 (share price $52.55). I've owned &
>> tracked this in Quicken since 1996.
>>
>> So how do I really enter this. I did a search on web & one said to use
>> Corporate Securities spin off & another said to do corporate
>> Acquisition- stock for stock.I tried that & it has really screwed up
>> my account. Gives 14 million market value.
>> Here's what I entered as shown in the box to fill in:
>>
>> Company Acquired: Oppenheimer Growth Fund Class A
>> Acquiring Company : Oppenheimer Capital Appreciation Fund A
>
>> New Shares issued per held share: 445.262
>
> That's the number of shares you want to end up with.
>
> It would seem that the number of new shares per old share would be 445.262
> / 644.78, or .69056422346 new shares per old share.
>
> You probably can't get it to come out exactly in Quicken (not enough
> decimal places available), so I think you just get as close as you can
> with the Corporate Acquisition transaction, then enter an Add Shares or
> Remove Shares to adjust to the exact number of shares you should own
> (445.262).
>
>> Price per share for acquiring company after completion of acquisition
>> 52.55
>> so quicken went through every transaction & then did this?????
>>
>> Shares owned: 288431.81836
>> Market value of $14,854,238.65
>>
>> Thanks,
>>
>> Barbara L
>
> --
>
> John Pollard
> First initial underscore Last name at mchsi dot com
> Please reply to newsgroup
>
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