To reflect this spin-off in Globe Portfolio and preserve your original cost base (for MG.A-T):
After the spin-off, the cost base of your Magna shares should drop to 88.076%* of your original cost base. The cost of the MI Developments shares should be 11.924%* of the original cost base of the Magna shares.
For a user who owned 100 shares of MG.A-T on August 26, 2003 at an average cost of $100 (total cost of $10,000), the cost allocated to Magna and MI Developments should be:
$10,000 x .88076 = $8,807.60
$10,000 x .11924 = $1,192.40
How to record the spin-off in your portfolio
These instructions are for owners of MG.A-T. If you own MG.B-T, substitute MIM.B-T for MIM.A-T and 88.158% for 88.076% in the steps below.
* Please note: The percentages supplied are based on actual stock market prices. At the time of writing Magna has yet to supply their new average cost base, which may or may not differ from the values given above, and is generally considered the acceptable value for Canada Customs and Revenue Agency purposes. Should you wish to use the new average cost base, please contact Magna directly for this information.
If you own MGA-N, here’s how to record the spin-off in your portfolio:
Follow these steps to record the CP Ltd break-up in your portfolio:
Holders of Canadian Pacific Limited (CPL) common shares will receive the following securities in exchange for every CPL common share held on the Effective Date:
How to reflect the break-up in your portfolio - example
For a user who owned 100 shares of CPL as of the close on October 2nd, 2001 they would receive 68.4 shares of PanCanadian Energy, 50 shares of CP Rail, 25 shares of CP Ships, 25 shares of Fairmont and 16.6 shares of Fording.
To record this in Globe Portfolio:
Follow these steps to record the Nortel spin-off in your portfolio and preserve your original cost base. To do so:
$24,000 X .3079 = $ 7,389.60
$24,000 X .6921 = $16,610.40
Therefore the new average cost for BCE should be $120 X 0.3079, or $36.948 per share.
To reflect this in Globe Portfolio:
To look up symbols by company name, use the symbol lookup.
To find out if the stock symbol has changed, search the news on globeinvestor.com by entering the company name in the "Enter a keyword" field. The news search may return an article announcing a symbol change. Use the new symbol to add the stock to your portfolio.
If you wish to track a stock that is delisted, click Add Delisted Stocks on the Portfolio Menu page. You will be asked to enter the stock symbol and the date on which you purchased the stock.
To short sell a stock, you must indicate that you will be short selling the stock when you add it to your portfolio. To do so, click Add New Stocks on the Portfolio Menu page. Enter the symbol of the stock you wish to short and select Yes from the drop-down list labeled Short Sell. You will be prompted to enter the initial number of units sold.
Globe Portfolio will automatically record dividends in your portfolio on the day they occur. If you have a dividend reinvestment plan (DRIP), use the statement from your broker to record the purchase of shares on the appropriate date at the reinvestment price.
Globe Portfolio has split-adjusted prices for stocks after December 31, 1998. For this reason, we recommend that you track your stocks only after this date. If you wish to track stocks prior to December 31, 1998, you should adjust for splits by dividing the purchase price for a split and multiplying for a consolidation. Our system will then adjust for any splits after December 31, 1998.
Globe Portfolio automatically records dividends in your portfolio on the day they occur. To view the dividends that Globe Portfolio has recorded in your portfolio, click View/Edit/Delete Transactions-Stocks on the Portfolio Menu page.
To record such a dividend in your portfolio, convert the value of Company ABC's shares to cash and enter the cash value of the dividend by clicking Record Dividend on the Portfolio Menu page.
To edit a transaction for a stock, click View/Edit/Delete Transaction-Stocks on the Portfolio Menu page. A list of all the stock transactions affecting your portfolio will be shown. Click the Edit link in the Edit column for the transaction you wish to modify, edit the transaction and click Update.
If you have not recorded the number of shares you hold for a fund or a stock in your portfolio, you will be able to see the funds added to your Portfolio in the Fund Report and the stocks in the Stock Report. However, the Standard report and charts will not be available.
In order to record the initial number of units held, click Funds-Record Buy/Sell, Stocks-Record Buy/Sell or Other Investments-Record Buy/Sell on the Portfolio Menu page. You will be prompted to enter the number of units held and the date on which you wish to begin tracking your investments. Click the Buy button to record the information in Globe Portfolio. No actual units will be bought - clicking Buy merely records the information in your portfolio.
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