mutual fund merger


R

rmky2k

When fund X merges into fund Y by liquidating Fund X into
money value on the day of merger and then reissue Fund Y
with different purchase price with smaller number of Y
shares with no TAX CONSEQUENCES, how do you enter this
transaction in Money-2004? I used Special activity-merger
commands on the left of the mutual fund display-Error
message comes on stating that I should enter the name of
the STOCK! This is a mutual fund. Any sugesstion?
Thanks.
rmky2k
 
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C

Cal Learner-- MVP

When fund X merges into fund Y by liquidating Fund X into
money value on the day of merger and then reissue Fund Y
with different purchase price with smaller number of Y
shares with no TAX CONSEQUENCES, how do you enter this
transaction in Money-2004? I used Special activity-merger
commands on the left of the mutual fund display-Error
message comes on stating that I should enter the name of
the STOCK! This is a mutual fund. Any sugesstion?
1. Do an appropriate split of X.
2. In the investment details, change the symbol of X to the symbol
for Y.
3. Change the investment name of X to Y.
4. Add a brief comment to the investment to explain the change.

If the ratio is not as simple as 7 for 10, post the actual ratio. I
can easily find the best integers (1 ... 65535) to enter for the
split.
 

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