1. Home
  2. Quicken Personal Finance
  3. How to Handle Mutual Fund Reorganization

How to Handle Mutual Fund Reorganization

I own shares in the AIM Total Return Fund. On 7/18/05, the fund was reorganized into AIM Basic Balanced Fund (a fund in which I had not held any shares previously). Although there were no transaction fees and no tax consequences, the share price changed significantly, which affected the number of shares I own. (The total dollar amount value remained unchanged.)

What entries do I need to make in Quicken2005 to reflect the new pricing and number of shares without having it affect my cost/tax basis in this fund? Can I rename the fund's account name in Quicken? If it matters, this is NOT an IRA account.

Thanks!

Reply to
BRH
Loading thread data ...

Corporate Acquisition.

Reply to
Mike B

Could you be a bit more specific, please? I don't see "Corporate Acquisition" as a type of transaction that I can enter....

Reply to
BRH

If you don't see Corp. Acquisition on the menu, it is because you have your fund in a Single Mutual Fund account. Convert the account to a normal account and then the CA will appear. You'll be unable to hold another security in the SMF account in any event.

Reply to
Mike B

You're right that I have this fund in a Single Mutual Fund Account. (...as I do with all of my funds). How do I go about converting it to a "normal account"? A quick look through the Quicken help file didn't reveal anything.

I could create a new account and delete the existing account, but I don't want to have to re-input years of transactions.

Thanks again, Bert

Reply to
BRH

BRH wrote in news: snipped-for-privacy@comcast.com:

F1 aka Help is your friend...

Investing | Investing Can I change a single mutual fund account so that I can add more securities to it?

Yes. You need to change it into a brokerage (regular) investment account.

1 Choose Tools menu > Account List. 2 Double-click the investment account you'd like to change. 3 In the Account Attributes snapshot, click in the field next to Single Mutual Fundto change the attribute from Yes to No.

Caution! You can change a single mutual fund account into a brokerage investment account, but once you change it, you cannot change it back if you have added any new securities to it.

Reply to
Sven Golly

Reply to
Bill Greenwood

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.