Tim Hortons spinoff from Wendy's

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mec6 19 years ago

I would guess that this has been discussed but in my search of the archives, I could not find any information. I would totally understand if you just pointed me to the posts that discussed this before if that is what happens.

My question is this - When I did the spinoff, it placed Tim Hortons in the same account as Wendy's. I knew this was not right when I did it but I did not know what to do. Wendy's DRIP is administered by American Stock Transfer (or something similar) and Tim Hortons is administered by Computershare.

In the Invester Center window, it still only shows Wendy's (the total is correct) and the Account Summary does show both securities as well as all transactions.

My question, is there some way I can break these into two separate accounts so I can see both separately as they should be?

Thanks in advance for you help.

Mark

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TomYoung 19 years ago

Mark:

By default, a "Corporate Securities Spin-off" places all the new shares in the account where the former parent company stock is lodged. If for some reason you want to move the spun-off shares to another account a "Shares Transferred Between Accounts" transaction should do the trick.

I don't understand the statement "In the Invester Center window, it still only shows Wendy's..." as the Investor Center *should* show all securities, unless the new stock is unchecked under Options > Customize Current View... > Securities to Include.

Tom Young

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Mark:

By default, a "Corporate Securities Spin-off" places all the new shares in the account where the former parent company stock is lodged. If for some reason you want to move the spun-off shares to another account a "Shares Transferred Between Accounts" transaction should do the trick.

I don't understand the statement "In the Invester Center window, it still only shows Wendy's..." as the Investor Center *should* show all securities, unless the new stock is unchecked under Options > Customize Current View... > Securities to Include.

Tom Young

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mec6 19 years ago

Tom,

Thank you for your answer.

The corporate spinoff placed the new shares for THI in the same account as WEN. I tried to just show the shares but that did not work. So I tried "Shares Transfered between Accounts" and that worked like a charm.

Again, thank you for your answer.

Mark

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Tim Hortons spinoff from Wendy's

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