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YUM Brands Corporate Spin Off - Quicken Windows

Janine

I entered the Yum Brands/Yum China Holdings spin-off but the # of shares received according to Quicken's calculation is .4098 more than what I received. How do I fix this? The number of Yum Brands shares were correct when I started out.

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Comments

mshiggins

Janine, please see the post covering the Yum spinoff here:

https://getsatisfaction.com/quickenco...

q_lurker

This is the relevant discussion for that transaction: https://getsatisfaction.com/quickencommunity/topics/entering-a-stock-split-between-two-companies-in-...

You should probably post your followup question there, so that it is in context with the other opinions and information. In doing so, you should elaborate on how you did the entry in Quicken that generated the 0.4098 discrepancy.

One possible explanation is that your owned a fractional share (x.4098 shares) and YUM distributed the integer shares (x) and a cash-in-lieu amount for the fractional share (0.4098). In that case, your Quicken entry may be correct and you would then need to be selling the 0.4098 fraction share for the CIL amount received.

It is also possible you made an error in the entry in the manner you chose.

mshiggins

This is the relevant discussion for that transaction: https://getsatisfaction.com/quickencommunity/topics/entering-a-stock-split-between-two-companies-in-...

You should probably post your followup question there, so that it is in context with the other opinions and information. In doing so, you should elaborate on how you did the entry in Quicken that generated the 0.4098 discrepancy.

One possible explanation is that your owned a fractional share (x.4098 shares) and YUM distributed the integer shares (x) and a cash-in-lieu amount for the fractional share (0.4098). In that case, your Quicken entry may be correct and you would then need to be selling the 0.4098 fraction share for the CIL amount received.

It is also possible you made an error in the entry in the manner you chose.

:-)

Tom Young

Since the spin off was 1 for 1 that suggests to me that you owned a fractional share of Yum Brands, that fraction being .4098. IF you entered the spin off properly THEN you WOULD have shown .4098 shares more of Yum China in your Account than the amount of shares actually received. That's because fractional shares were not issued but were instead redeemed/sold through a "cash in lieu" payment to you.

If the above is an accurate account of your situation then after allocating basis from Yum Brands to the Yum China and Yum Brands stock (http://www.yum.com/app/uploads/Yum_China_Spin_Cost_Basis_Information.pdf ) you would sell that .4098 share against the cash in lieu "proceeds", allocating an appropriate basis.