How do I handle a preferred securities conversion to stock in the underlying security

wwcolorado Member ✭✭
edited November 2022 in Investing (Windows)
I had a preferred security which automatically converted to stock, how do I handle that in Quicken, there doesn't appear to be an "Exchange" transaction. And, I received "cash in lieu".


  • q_lurker
    q_lurker SuperUser ✭✭✭✭✭
    I would first look at a Corporate Acquisition action (Enter transactions button). Parent acquires Preferred at a particular share ratio. 

    That presumably results in a fractional share of the parent. Sell that fractional share for the cash in lieu amount received. 
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