tag:infinitekind.tenderapp.com,2009-01-14:/discussions/investments/6132-stock-spinoffInfinite Kind: Discussion 2021-08-30T10:35:04Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/493596302021-08-26T17:26:54Z2021-08-26T17:26:54ZStock spinoff<div><p>I used the below example to try and manage a recent stock spinoff. There were no fractional shares so the last line of the example was not used. As a result of the SellXfr on the spin off date the stock shows a value of .01 and a share price of .00002 even though I have history showing the current price. I have attached a list from Find/Replace showing all transactions for XPO.</p>
<h2><a name="any-help-you-could-provide-would-be-greatly-appreciated-" class="anchor" href="#any-help-you-could-provide-would-be-greatly-appreciated-"></a>Any help you could provide would be greatly appreciated.</h2>
<p>DATE ACTION SECURITY SHARES AMOUNT<br>
Spin Off Date SellXfr Original Company Total Shares $0.00<br>
Original Purchase Date BuyXfr Original Company New # of Shares Adjusted Basis<br>
Original Purchase Date BuyXfr New Company Shares + Fractional Adjusted Basis<br>
Spin Off Date Sell New Company Fractional Shares Proceeds<br>
------(<a href="https://infinitekind.zendesk.com/hc/en-us/articles/200734487-How-to-account-for-a-Stock-Spin-Off">https://infinitekind.zendesk.com/hc/en-us/articles/200734487-How-to...</a>)</p></div>carrbigdogtag:infinitekind.tenderapp.com,2009-01-14:Comment/493596302021-08-30T06:26:57Z2021-08-30T06:26:57ZStock spinoff<div><p>After a 2-3 weeks of having the original stock (XPO) listed on the Securities Details page with a value of .0002 per share, the valuation is now accepting the updates from history and the stock is valued correctly. Not sure what the issue was, but it has corrected itself. It would be nice to know what happened but no harm, no foul. So I guess this could be closed.</p></div>carrbigdog