Retail Opportunity Investments Corp (ROIC) redemption (merger?) for cash

Crenshaw

On Feb. 12, (Nasdaq: ROIC ) was acquired by Blackstone Real Estate Partners X, an affiliate of Blackstone, Inc (NYSE: BX) for $17.50 per share.

Quicken Classic for Windows (v.R61.21) downloaded the deposit of the cash and, in a separate transaction, the withdrawal of the "reorganization fee." But Quicken did not reflect a transaction removing the shares from my account.

Should I treat this as a "sale"? or "Removed" (Shares removed from account)? or "XfrShrs (Transfer Shares)? Does it matter?

I will own no shares of Blackstone; merely received cash less reorganization fee.

Thank you

NotACPA

Looks like a SALE to me, from what you've described.

Crenshaw

Thank you. Forgot to add that eTrade described it as a "redemption.," FWIW. Shares gone, cash (less reorg fee) added to account. Presumably same tax consequences so "sale" should work. Thanks again.