Spin-off ratio , fraction versus decimal?

questionsforever
questionsforever Quicken Canada Subscription Member ✭✭✭✭
edited October 2023 in Investing (Windows)

I have a spinoff that gives 1 new share for every 3 shares held. So if I have 900 shares, I would get 300 shares of new company. In the spinoff ratio entry box should I enter it as 0.33333? Will this round off to a whole number of new shares? Or will it end up as 299.99 of the new company? Thanks.

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  • q_lurker
    q_lurker Quicken Windows Subscription SuperUser ✭✭✭✭✭

    it will not round off. But the Spin-off action should create an Add Shares for the 299.98 (or whatever). That transaction you can edit to be 300 with no consequences

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