Ho do I do a Fund Reorganization

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 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

Reply to
Barbara L
Loading thread data ...

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).

Reply to
John Pollard

Reply to
Barbara L

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.