by Krisan Marotta | Jan 21, 2016 | Cost Basis, KBO
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 adopted the Chubb name...
by Krisan Marotta | Apr 5, 2012 | KBO, Performance
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 corporate...
by Krisan Marotta | Sep 15, 2011 | KBO, Performance
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 generates a transaction...
