On January 19, 2015 ACE Limited (ACE) completed its acquisition Chubb Corporation (CB). Investors received 0.6019 of ACE common shares and $62.93 in cash per share of Chubb. The wrinkle in the entering this transaction in PortCenter is that ACE … [Read more...]
Corporate Action Processing in PortfolioCenter
Since 2008 legislation increased the importance of synchronizing cost basis in PortfolioCenter with cost basis at your broker, corporate actions (stock splits, mergers, spin offs, etc.) have gotten more attention. Here's how to handle processing … [Read more...]
How should I handle Cash in Lieu in PortfolioCenter?
A corporate action is an event such as an exchange, merger, stock split or spin-off that affects the securities of a public traded company. Frequently corporate actions result in fractional shares which are converted to cash. This conversion … [Read more...]
