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