How do I record a stock exchange

Yves Beaupré

Can someone tell me how to enter/record a stock exchange

NotACPA

That sounds like a Corporate Acquisition (stock for stock) to me ... if such an action exists in Q Canada.

Mutual funds are, technically, companies.  And you own shares in the company/fund ... which is why this is the appropriate action.

Your other option would be to sell Fund A, FOR YOUR COST BASIS, on the date of the merger and then buy Fund B.  The problem with this approach would be that you'd lose the long-term (pre-merger) investment performance of the combined funds.

NotACPA

Do you mean an exchange of one stock for another?  HOW is that an "exchange" and not simply a SALE of the 1st and a BUY of the 2nd?

Yves Beaupré

Hi,

These are a mutual fund shares of 2 mutual funds that were merged into one and where the number of shares decreased from 300 to 100.

Thanks

NotACPA

Still not quite following. 

Was Fund A merged into Fund B.  And did you own both before the merger?

OR were Fund A AND Fund B merged into Fund C?

Also, what Q product are you running?  What country?  What Build of Q?  (Do HELP, About Quicken for this info).

Yves Beaupré

Fund A was Merged with fund B but I didn't own fund B before.

Then the number of shares were decreased from 300 to 100 and the cost basis remained the same.

Note I use Quicken 2019 Home and Business for Canada, Build 27.1.16.22.

Thanks,

NotACPA

That sounds like a Corporate Acquisition (stock for stock) to me ... if such an action exists in Q Canada.

Mutual funds are, technically, companies.  And you own shares in the company/fund ... which is why this is the appropriate action.

Your other option would be to sell Fund A, FOR YOUR COST BASIS, on the date of the merger and then buy Fund B.  The problem with this approach would be that you'd lose the long-term (pre-merger) investment performance of the combined funds.

Yves Beaupré

Hi,

Thanks for your reply.

I will do as suggested.