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Posted by TomYoung on January 24, 2007, 12:08 pm
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> I would guess that this has been discussed but in my search of the
> archives, I could not find any information. I would totally understand
> if you just pointed me to the posts that discussed this before if that
> is what happens.
>
> My question is this - When I did the spinoff, it placed Tim Hortons in
> the same account as Wendy's. I knew this was not right when I did it
> but I did not know what to do. Wendy's DRIP is administered by American
> Stock Transfer (or something similar) and Tim Hortons is administered
> by Computershare.
>
> In the Invester Center window, it still only shows Wendy's (the total
> is correct) and the Account Summary does show both securities as well
> as all transactions.
>
> My question, is there some way I can break these into two separate
> accounts so I can see both separately as they should be?
Mark:
By default, a "Corporate Securities Spin-off" places all the new shares
in the account where the former parent company stock is lodged. If for
some reason you want to move the spun-off shares to another account a
"Shares Transferred Between Accounts" transaction should do the trick.
I don't understand the statement "In the Invester Center window, it
still only shows Wendy's..." as the Investor Center *should* show all
securities, unless the new stock is unchecked under Options > Customize
Current View... > Securities to Include.
Tom Young
> I would guess that this has been discussed but in my search of the
> archives, I could not find any information. I would totally understand
> if you just pointed me to the posts that discussed this before if that
> is what happens.
>
> My question is this - When I did the spinoff, it placed Tim Hortons in
> the same account as Wendy's. I knew this was not right when I did it
> but I did not know what to do. Wendy's DRIP is administered by American
> Stock Transfer (or something similar) and Tim Hortons is administered
> by Computershare.
>
> In the Invester Center window, it still only shows Wendy's (the total
> is correct) and the Account Summary does show both securities as well
> as all transactions.
>
> My question, is there some way I can break these into two separate
> accounts so I can see both separately as they should be?
Mark:
By default, a "Corporate Securities Spin-off" places all the new shares
in the account where the former parent company stock is lodged. If for
some reason you want to move the spun-off shares to another account a
"Shares Transferred Between Accounts" transaction should do the trick.
I don't understand the statement "In the Invester Center window, it
still only shows Wendy's..." as the Investor Center *should* show all
securities, unless the new stock is unchecked under Options > Customize
Current View... > Securities to Include.
Tom Young
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